New Delhi, Feb 25 (KNN) India hosted the first meeting of BRICS Finance and Central Bank Deputies virtually on Wednesday, according to an official statement.

The meeting was co-Chaired by Tarun Bajaj, Secretary Economic Affairs, Ministry of Finance and Dr. Michael Patra, Deputy Governor, Reserve Bank of India.

India assumed the BRICS Chairship in 2021, at a time when BRICS is celebrating its 15th anniversary. Under the theme BRICS@15: Intra-BRICS Cooperation, India’s approach is focused on strengthening collaboration through Continuity, Consolidation and Consensus.

This was the first meeting on the BRICS Financial Cooperation under India Chairship in 2021. During the meeting, India shared priorities under the financial cooperation agenda and issues for discussion during 2021.

During the meeting, both sides discussed Global Economic Outlook and Response to COVID-19, Social Infrastructure Financing and Use of Digital Technologies, New Development Bank (NDB) Activities, Fintech for SME and Financial Inclusion, BRICS Contingent Reserve Arrangement (CRA), among others.

Other participants included BRICS Finance and Central Bank Deputies of Brazil, Russia, China and South Africa.