IMF And India To Set-Up A South Asia Regional Training And Technical Assistance Center In Delhi

The Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Mr. Arun Jaitley and the Managing Director, International Monetary Fund (IMF), Ms. Christine Lagarde, at a bilateral meeting, in New Delhi on March 11, 2016.
The Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Mr. Arun Jaitley and the Managing Director, International Monetary Fund (IMF), Ms. Christine Lagarde, at a bilateral meeting, in New Delhi on March 11, 2016.

MOU Represents A Key Step Toward A Fully Integrated Capacity Development

New Delhi (PIB-GR-TYP-BIN): The Union Finance Minister Mr. Arun Jaitley and Ms. Christine Lagarde, Managing Director, International Monetary Fund (IMF) signed a Memorandum of Understanding on March 12, to establish a capacity development center in the national capital.

Speaking on the occasion, Ms. Lagarde said “I would like to thank Prime Minister Modi, Finance Minister Jaitley and the Indian Government for offering to host the center and for their substantial financial commitment. This will be the First center that fully integrates training and technical assistance and is a model for our future capacity development work. I would also like to express my appreciation to the other member countries for joining with India, the IMF, and partners like Australia and the Republic of Korea, in making this exciting initiative happen.”

The signing of this Memorandum of Understanding (MOU) represents a key step toward a fully integrated capacity development center in New Delhi, and demonstrates the shared commitment between the IMF and its membership in using technical assistance and training as vehicles for economic stability and inclusive growth.

(Source: PIB/GR/TYP/BIN/USPA/WN/IAIJ)

Doruvu Paul Jagan Babu

International Correspondent for The Yellow Press

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