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Mukherjee to attend G-20 Finance Ministers', Central Bank Governors' meeting in Paris

New Delhi, Thu, 13 Oct 2011 ANI

New Delhi, Oct 13 (ANI): Finance Minister Pranab Mukherjee will leave for Paris on a three-day visit today evening to attend the G-20 Finance Ministers' and Central Bank Governors' meeting, which is scheduled to be held there on October 14 and 15.

 

Mukherjee is likely to raise the issue of exchange of information among different countries to fight against the menace of black money and terror financing during the meeting in Paris.

 

During one of his interventions, Mukherjee will ask the G-20 member countries to impress upon concerned countries especially tax havens for uninterrupted flow of information relating to black money and terror financing.

 

Tax evasion and illicit flows have posed serious challenges to the world economy.

 

Mukherjee may impress on G-20 member countries to start exchanging information automatically for tax purposes on a voluntary basis including exchange of past banking information.

 

Among others, the issue of global economy and framework for strong, sustainable and balanced growth, reforms of International Monetary System (IMS), Financial Regulations, Development Climate change and Innovative Financing issues and road to Cannes and Mexico Priorities for the G-20 in 2012 are to be discussed during the aforesaid two day conference of G-20 Finance Ministers.

 

Mukherjee may also call for fine balance between short run and long run measures that restores market confidence.

 

The World Bank's report on "Rebalancing, growth and development: an inter-connected agenda" is also likely to be discussed during this conference.

 

Beside above, Mukherjee is also likely to hold bilateral meetings with his counterparts from France, Australia and UK among others.

 

He will return to the national capital on October 16. (ANI)

 


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