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Economy
Pradeep Kumar

03/09/21 10:10 AM IST

11th UK-India Economic and Financial Dialogue

In news

The 11th India-United Kingdom Economic and Financial Dialogue (EFD) was held, virtually chaired by Indian Union Minister for Finance & Corporate Affairs.

Aim

To work with financial institutions, corporates, and existing sustainable finance initiatives to accelerate efforts to mobilise capital into India. 

Details
  • The UK delegation included Governor Bank of England, CEO Financial Conduct Authority, Economic Secretary and other representatives from UK HMT.
  • The Dialogue, inter alia, covered discussions on economic cooperation on multilateral issues, including G20 and COP26. Both sides deliberated on furthering of Financial Services collaboration with special emphasis on Fin-Tech and GIFT City, annual India-UK.
  • Financial Market Dialogue and measures underway to reform financial markets.
  • Infrastructure development and promotion of sustainable finance and climate finance were also discussed.
  • Private sector initiatives under India-UK Financial Partnership (IUKFP) and India-UK Sustainable Finance Working Group including its progress were also discussed. 
  • The 11th Economic and Financial Dialogue concluded with adoption of Joint Statement by Union Finance Minister and Chancellor of Exchequer of United Kingdom and release of the Joint Statement on Climate Finance Leadership Initiative (CFLI) India partnership.
Source: PIB

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