September 21, 2026 05:06 am (IST)
Follow us:
BRICS
India hosts first meeting of BRICS Finance Ministers and Central Bank Governors
New Delhi/IBNS: India hosted a meeting of BRICS Finance Ministers and Central Bank Governors virtually on Tuesday.
The meeting was jointly Chaired by Union Minister for Finance & Corporate Affairs Nirmala Sitharaman and Governor of Reserve Bank of India Shaktikanta Das.
Participants included Finance Ministers and Central Bank Governors of the BRICS countries.
As 2021 BRICS Chair, India’s approach is focused on strengthening intra-BRICS cooperation based on Continuity, Consolidation and Consensus.
BRICS Finance Ministers and Central Bank Governors discussed the financial cooperation agenda set by India for 2021-Global Economic Outlook and Response to COVID-19 pandemic, New Development Bank (NDB) Activities, Social Infrastructure Financing and Use of Digital Technologies, Cooperation on Customs related issues, IMF reforms, Fintech for SMEs and Financial Inclusion, BRICS Rapid Information Security channel and BRICS Bond Fund.
On the BRICS priorities and agenda for 2021, Finance Minister Sitharaman informed that the efforts should be made towards delivering outcomes that reflect the needs and aspirations of BRICS in particular and emerging markets and developing economies in general.
The Finance Minister emphasised the importance of BRICS in responding to the COVID-19 crisis through policy support and enhancing international coordination.
Sitharaman highlighted that world’s largest vaccine drive by India is underway. India has supplied 64.5 million vaccine doses to 84 countries.
Speaking on the importance of social infrastructure and the use of digital technologies, the Finance Minister underscored the merit in engaging with private sector and exploring innovative financing models.
Sitharaman stated that the Prime Minister’s Health Insurance Scheme using an output-based funding model has triggered a major private investment cycle in healthcare infrastructure, enabling a significant expansion of healthcare services to vulnerable citizens.
The Finance Minister talked about thematic priorities for New Development Bank for discussion during 2021 and the issues of membership expansion. Smt. Sitharaman also called for greater coordination among BRICS member countries on the issues of the 16th general review of Quotas of IMF.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Pune fort murder: Fiancée, lover used fake Instagram account to lure Ketan Agarwal to Lohagad
Sun, Sep 20 2026
Mamata calls Congress 'natural ally' 25 years after giving BJP same tag; her political journey comes full circle
Sun, Sep 20 2026
3 killed, 1 critical as BMW crashes off Mumbai coastal road bridge
Sun, Sep 20 2026
‘Party of comedians and jokers’: BJP targets Congress over PM Modi mimicry at Rahul Gandhi's Indore event
Sun, Sep 20 2026