Finance Minister Arun Jaitley has discussed international taxation issues with Commonwealth Finance Ministers to devise a common strategy in the backdrop of the Panama papers leak.<br/><br/>Mr. Jaitley, who is on an official visit to the US, chaired the Commonwealth Finance Ministers meeting at the IMF headquarters in Washington. During the meeting, two important issues — the 'Economics of Climate Change and Financing Climate Adaptation and Mitigation'; and 'International Taxation – a Commonwealth Conversation around the Panama Papers' were discussed and deliberated. <br/><br/>Mr. Jaitley also chaired the Governing Council Meeting of the BRICS Contingent Reserve Arrangement (CRA) wherein he announced that the CRA being operational now.