US Finance Minister Janet Yellen, talking to phone with Finance Minister Nirmala Sitaraman, praised India’s role as an important partner in the fight against Coronavirus global pandemic And discussed the Global Economic Scenario. In January this year, Yellen spoke to Sitharaman for the first time after assuming charge as America’s first female finance minister.
The US Finance Ministry said Monday that during a phone conversation, they expressed their intention to work closely together to support the world’s recovery from the COVID-19 epidemic, to combat inequality, and to pursue a bold climate agenda.
The ministry said that Yellen praised India’s role as an important partner in the fight against COVID-19. The ministry said that the minister (Yellen) is willing to cooperate bilaterally and multilaterally with Sitharaman to work for shared priorities.
India tweeted the information
In a series of tweets, the Finance Ministry of India said that Finance Minister Sitharaman had a constructive discussion with the US Finance Minister Yellen on the global economic scenario. Yellen praised India’s contribution to the global effort to develop the vaccine.
Finance Minister Smt. @nsitharaman had a fruitful discussion on global economic outlook with #US Secretary of Treasury @JanetYellen virtually. Dr. Yellen appreciated #India’s contribution to the world’s #vaccine efforts. (1/4)@g20org#G20India#India-US-Partnership@USTreasury pic.twitter.com/qim85aukgG
— Ministry of Finance (@FinMinIndia) March 15, 2021
The ministry said that Sitharaman congratulated Yellen for the ‘thoughtfully designed $ 1,900 billion COVID-19 relief package’ and worked together through economic and strategic cooperation at various multilateral forums, including the G20, between Sitharaman and Yellen It was agreed to do
US $ 1,900 billion will bring employment
Last month, US Finance Minister Janet Yellen said that the country is still in a ‘deep abyss’ due to the unemployment of millions of people, but President Joe Biden’s $ 1,900 billion relief plan will develop so much that full employment will be restored by next year Will be enough to do.
Republican senators had said that the funding proposed by Biden was too large and for this he cited criticism of the proposal made by former President Bill Clinton’s finance minister, Larry Summers. Summers says that due to this plan by Biden, less money will be available for other aspects like improving the infrastructure of the country.