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Yellen, Powell to meet with Indian officials on economic ties By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell attends the Home Monetary Providers Committee listening to on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago/Pool through REUTERS/File Picture

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WASHINGTON (Reuters) – Treasury Secretary Janet Yellen and Federal Reserve Board Chairman Jerome Powell will meet with their Indian counterparts this week to handle points starting from the financial restoration from the COVID-19 pandemic and monetary regulation to local weather finance, a senior Treasury official stated.

The assembly will mark the eighth gathering of the U.S.-India Financial and Monetary Partnership, and the primary such occasion for the reason that onset of the pandemic, the official stated.

The assembly underscores the rising significance of the U.S.-India relationship, and growing financial and monetary ties between the 2 international locations, the official stated.

It’s going to happen on the sidelines of the annual conferences of the Worldwide Financial Fund and World Financial institution in Washington, which additionally features a assembly of officers from the Group of 20 main economies, to which each international locations belong.

U.S. and Indian officers will dedicate a session to local weather finance, reflecting Yellen’s dedication to push for progress in combating local weather change, and her view in regards to the essential position local weather finance can play in attaining that aim, the official stated.

No additional particulars have been instantly out there.

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