The BRICS Nations have agreed to strengthen Financial Collab

The BRICS nations consisting of Brazil, Russia, India, China and South Africa

They have reached a consensus about the need to strengthen financial cooperation and coordination of macroeconomic policies The official media in the country published on Tuesday.

A virtual meeting between finance ministers as well as central bank governors from the five-member bloc took place on Monday.

It was co-chaired jointly with China's governor of the central bank Yi Gang and finance minister Liu Kun.

The participants discussed issues like improving the Contingent Reserve Agreement

As well as the collaboration between the areas of transition finance and others.

Sitharaman stated that BRICS will continue function as a platform for engaging in discussions

On India's growth prospects she stated that the economy will continue to get aided by spending on fiscal infrastructure

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