FM Sitharaman pitches for 'fair' sovereign credit ratings, IMF reforms

Finance minister Nirmala Sitharaman emphasizes the need for sovereign ratings to properly reflect the economic realities of emerging markets to lower their capital costs. She calls for credit rating agencies to improve their methodologies and highlights the importance of IMF governance reforms amidst global economic challenges.

Oct 27, 2024 - 06:30

FM Sitharaman pitches for 'fair' sovereign credit ratings, IMF reforms

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Finance minister Nirmala Sitharaman emphasizes the need for sovereign ratings to properly reflect the economic realities of emerging markets to lower their capital costs. She calls for credit rating agencies to improve their methodologies and highlights the importance of IMF governance reforms amidst global economic challenges.