NEW DELHI: In a meeting with International Monetary Fund Deputy Managing Director Gita Gopinath in Washington, D.C., Union Finance Minister Nirmala Sitharaman raised concerns about major economic downside risks, such as financial sector stress, inflation, geopolitical fragmentation, and slowing Chinese growth.

The meeting took place on Tuesday, April 11, on the sidelines of the International Monetary Fund -World Bank Spring Meetings.

As per the Finance Ministry, Nirmala  Sitharaman congratulated Gopinath for accelerating India's work on the Global Sovereign Debt Roundtable along with the World Bank and emphasised New Delhi's commitment to foster efforts to address growing debt vulnerabilities.

Sitharaman also acknoledged the IMF's assistance in creating evidence-based policy recommendations for the G20 presidency of India.

The Union Minister received praise from the top IMF official for "productive discussions that translated the February consensus on the need for a globally coordinated policy response on crypto assets into an agreed-upon set of guiding principles and an action plan on crypto assets," said the Ministry.

Taking to Twitter after the meeting,  Gita Gopinath noted: "Had a very good discussion with India Finance Minister Sitharaman at the International Monetary Fund -World Bank spring meetings, to discuss the progress being made under India's G20 Presidency on debt issues and crypto related challenges."

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