Finance minister Nirmala Sitharaman has said there is an urgent need for co-ordinated action across countries to not only enable swift post-pandemic recovery but also to build resilience to future shocks as she attended the G20 Emerging Market Economies meeting here.

Sitharaman shared her insights on the economic outlook, risks and near-term policy challenges for emerging market economies such as food and energy security and tightening of global financial conditions, the ministry of finance said.

The the G20 Emerging Market Economies meeting was organised by the IMF on the sidelines of the G20 finance ministers and central bank governors meeting.

India outlook

Regulating crypto assets along with digital currency, addressing the remaining regulatory concerns for banks and integrating with the global economy are among the few mid-term structural issues for India, a top IMF official has said.

Overall, the IMF is looking at India in “a very positive fashion,” Tobias Adrian, financial counsellor and director of the monetary and capital markets department said on Tuesday.