India hosts summit of BRICS Finance Ministers, central bank heads virtually

In separate meeting with Kerry, FM emphasises on increasing fund flows from developed to developing nations to battle climate change

Finance minister Nirmala Sitharaman on Tuesday emphasised the key role the BRICS group was playing in responding to the current global crisis through policy support and by enhancing international policy coordination.

She was addressing the first meeting of BRICS finance ministers and central bank governors meeting virtually from New Delhi. The meeting was co-chaired by Sitharaman and RBI governor Shaktikanta Das.

Issues discussed in the meeting included global economic outlook, new development bank, social infrastructure, IMF reforms, fintech for SME and financial inclusion, customs cooperation, BRICS bond fund and BRICS