September 5, 2015 7:04 PM

printer

Jaitley mentions about global safety nets to address volatility in currency movements

Finance Minister Arun Jaitley today mentioned about global safety nets to address volatility in currency movements and markets.He was speaking at the G20 meeting of Finance Ministers and the Central Bank Governors in Ankara on 'Framework for strong, sustainable and balanced growth'. Mr. Jaitley spoke about a well-designed and safety nets like strengthening of liquidity arrangements via. multilateral swap arrangements between the member countries. Mr. Jaitley said that he believe that ad hoc, individual, reponse measures can contain the adverse effect only for a limited period. He said that these cannot provide a sustainable solution which can happen only by global policy coordination.Considering the potential of infrastructure investment to simultaneously address the demand side and supply side constraints, Mr. Jaitley mentioned about the need for better policy coordination at international level for stable macroeconomic environment and improved business climate.

Most Read
View All arrow-right

No posts found.