CURRENT AFFAIRS

Detailed explanation-1: -Nirmala Sitharaman attends 1st BRICS Finance Ministers and Central Bank Governors Meeting.

Detailed explanation-2: -Nirmala Sitharaman participated via virtual mode in the second BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting under the BRICS China chairmanship, here today. The agenda of the meeting included discussions on outcomes of BRICS Financial Cooperation agenda for 2022.

Detailed explanation-3: -The meeting was co-chaired by Yi Gang, Governor of the People’s Bank of China, and Liu Kun, Minister of the Finance Ministry of China. Finance Ministers and Governors from BRICS countries joined the meeting. The discussion covered the BRICS Contingent Reserve Arrangement, transition finance, and other issues.

Detailed explanation-4: -The First G20 Finance and Central Bank Deputies Meeting, under the Indian Presidency, was held in Bengaluru, Karnataka, during December 13-14, 2022, under the co-chairship of Secretary, Economic Affairs, Shri Ajay Seth and Deputy Governor, Reserve Bank of India, Dr. Michael Patra.