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Chidambaram arrives in Sydney to attend G20 meeting

Sydney: Finance minister P Chidambaram arrived in Sydney on Saturday to attend the two-day G20 meeting of finance ministers and central bank governors during which he is expected to press for expeditious reforms in the

PTI Published : Feb 22, 2014 14:58 IST, Updated : Feb 22, 2014 16:07 IST
At the meeting of the Finance and Central Bank Deputies yesterday, Mayaram made a strong case for expediting International Monetary Fund (IMF) quota reform to give greater voting power to emerging economies.

He had also pressed for transparency in withdrawal of monetary stimulus popularly called tapering, by the US Federal Reserve.

Mayaram, during his intervention, had underlined the need for including tax avoidance besides tax evasion as part of the overall global tax agenda.

The G20 is scheduled to come out with a communique on Sunday reflecting the broad consensus expected to emerge during the two-day deliberations of the Finance Ministers and Central Bank Governors.

Besides the G20 meetings, Chidambaram will be deliberating with senior functionaries of the New South Wales Government and representatives of major financial institutions, besides holding a round table meeting with business leaders.

His programme also includes addressing an investors? meet in the city. The Finance Minister will leave for India on February 25.
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