At a crossroads
The United Kingdom’s economy has encountered a challenging phase, with consecutive monthly declines in GDP marking the first back-to-back contraction since the tumultuous days of the Covid-19 lockdowns.
Finance Minister Nirmala Sitharaman on Friday met Paolo Gentiloni, Commissioner of Economy at EU Commission, on the sidelines of IMF-WBG Annual Meetings here.
Both leaders discussed issues related to the global economy and furthering India-EU collaboration during the G20 India Presidency in 2023.
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Union Finance Minister Smt. @nsitharaman met Mr @PaoloGentiloni, Commissioner of Economy @EU_Commission, on the sidelines of IMF-WBG #AnnualMeetings, in Washington DC, today. (1/3) pic.twitter.com/UIA44p3541
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— Ministry of Finance (@FinMinIndia) October 14, 2022
Both sides discussed the need to further strengthen multilateral development banks to enable them to help countries in need.
They also agreed that G20 had a major achievement on international taxation and the momentum on this must be maintained.
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