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Jaitley to visit US for IMF-World Bank annual meet

Jaitley to visit US for IMF-World Bank annual meet

New Delhi: Finance Minister Arun Jaitley will leave on an official visit to the US early on Monday to participate in the annual meetings of the World Bank and the International Monetary Fund (IMF), a official statement here said.

On the first leg of his week-long stay in the US, Jaitley will arrive in New York on Monday, where he will hold investor meetings organised by Bank of America and the Confederation of Indian Industry, a Finance Ministry statement said.

Thereafter, he will take part in the US-India Business Council (USIBC)-CII roundtable of CEOs.

On Tuesday, the Minister will deliver a Lecture on ‘FDI: Achievements and Challenges’ at New York’s Columbia University, following which he will leave for Boston, it said.

In Boston, he will take part in an investment roundtable on the “Indian Economy – The Road Ahead”, and then deliver a talk on India’s tax reforms at Harvard University, the statement added.

Jaitley will leave on Wednesday for Washington DC to participate in the annual meetings of the World Bank and the IMF.

During his three-day stay in the American capital, the Minister will hold bilateral meetings with the US Commerce Secretary and take part in an interactive seminar organised by industry chamber Ficci, the Ministry said.

He will also attend the G-20 Finance Ministers’ and central bank governors’ working dinner on Thursday before attending its annual meeting on Friday, and join the Finance Ministers’ meeting with multilateral development banks.

According to the statement, Jaitley is likely to hold separate bilateral meetings in the US capital with the Italian and Iranian Ministers for Economy and Finance.

Jaitley is to travel as the head of a delegation that includes Reserve Bank Governor Urjit Patel, Economic Affairs Secretary Subhash Chandra Garg and Chief Economic Adviser Arvind Subramanian.

–IANS