International Monetary Fund (IMF) Managing Director Christine Lagarde on Monday had a meeting with Finance Minister Pranab Mukherjee and discussed the global economic environment, particularly in the wake of the continuing eurozone debt crisis and the role that emerging economies need to play in the changing world.
Talking to the media after her meeting with Mr. Mukherjee here, Ms. Lagarde said: “We particularly discussed the euro area situation and we also discussed the role of IMF and importance that emerging market economies have to play within [the] organisation.” There were also elaborate discussions on the general economic situation, she said.
After her China visit, the IMF chief's two-day visit to India has come at a time when the sovereign debt turmoil in Europe has led to a fragile economic recovery in the globalised world and has impacted the emerging economies also in a significant way although most of them have performed better than the developed world.
