On Monday, Prime Minister Narendra Modi pitched for a greater representation of Indians in the top positions at IMF.
In his meeting with Lagarde, who is in India on a two-day visit, Modi stressed “on the need of having greater representation for Indians at the highest level of IMF.”
Lagarde earlier indicated that “one of these days” an Indian can head the International Monetary Fund (IMF).
Among Indian who have held top positions at IMF, RBI Governor Raghuram Rajan has served as a chief Economist, while Arvind Subramanian (India’s Chief Economic Advisor) has served as an economist at the multilateral organization.
Jagrade, and her predecessor Dominique Strauss Kahn were from France and traditionally, the position of IMF’s MD was held by Europeans. However, in the past few years, many developing countries from Asia and Latin America have emphasized on the need to change this trend.
In addition to greater representation, during his brief meeting with Jagrade, Modi also emphasized on the “importance of having a clear direction and focus,” and indicated that reforms should not merely be restricted to legislation, as implementation and direction were equally important.
According to recent reports, the Finance Minister and the IMF chief jointly agreed to host a high level conference talk in March 2016 on 'Advancing Asia: Investing for the Future.'
For the original version on newsmobile.in visit: http://www.newsmobile.in/articles/2015/03/17/modi-pitches-indian-imf-deputy-md-seeks-greater-presence
No comments:
Post a Comment