Need to complete quota review in IMF soon: RBI Governor
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ANI
Addressing a seminar on the global economy organized by the finance ministry and the RBI, Das said recent experiences show that countries seek help from bodies other than the IMF in times of financial crisis due to lack of access.
Mumbai Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday that there is a need to complete the review of ‘quotas’ in the International Monetary Fund (IMF) soon. He has said that with this the IMF will be able to help the countries in crisis in a better way. Addressing a seminar on the global economy organized by the finance ministry and the RBI, Das said recent experiences show that countries seek help from bodies other than the IMF in times of financial crisis due to lack of access. Das said the IMF’s support to a country depends on the country’s ‘quota’.
“Issues related to the conduct of business with the 16th General Quota Review need to be completed expeditiously,” he said, adding that at the same time the financial impact of the shift towards green (eco-friendly activities) should not be overlooked. can be done. Das also called for an urgent need to increase the flow of green capital to emerging countries. He also said that there is a need to develop a global platform for sharing credit data globally.
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