US Treasury Chief Janet Yellen Discussed Global Economic Outlook With Indian FM Nirmala Sitharaman

On Monday, Indian Finance Minister Nirmala Sitharaman debated the worldwide economic viewpoints and traded notes on the complexities of mutual interest with US Treasury Secretary Janet Yellen.

According to the finance ministry in a series of tweets, both Sitharaman and Yellen have given their mutual consent on operating closely through common economic and planned collaboration in different multilateral fora, including the G20.

In a tweet, the ministry said, “Indian FM @nsitharaman and @USTreasury Secretary traded notes on financial issues of mutual interest and anticipated meeting of #India-US Economic and Financial Partnership later this year.”

During the conversation, Yellen valued India’s commitment to global vaccine endeavors. As a part of its vaccine diplomacy, New Delhi has been supporting the world's vaccine efforts by providing Indian-made Covishield vaccines to other countries through its ''Vaccine Maitri'' initiative.

Sitharaman complimented the US Treasury Secretary on the thoroughly explained COVID-19 relief through the $1.9 trillion American Rescue Plan with a separate focus on working and middle class, it said. Last week, the Senate-passed version of the USD 1.9 trillion Covid-19 relief bill was approved by the US House of Representatives, forwarding it to President Joe Biden's desk for signature requirements.

The ministry further added, “Indian FM @nsitharaman had a constructive conversation on the worldwide economic viewpoint with @USTreasury Secretary. ”

The entire global conversation between the two took place over the phone and US Treasury Secretary Janet Yellen encouraged India’s influential role as an essential partner in fighting against the COVID-19 pandemic. This was the first call of Yellen with Sitharaman after she was elected as the first female Treasury Secretary of the United States in January this year.

During the call, Yellen expressed her intention to team up keenly to aid a solid worldwide recovery from the COVID-19 pandemic, fight inequality, and advance an intense climate plan,” the Department of Treasury said in a readout of the call on Monday. It further added, “The secretary anticipated to collaborate with Minister Sitharaman, both bilaterally and multilaterally, to resolve the shared priorities. ”