Statement by Leader of the Indian Delegation Finance Minister Pranab Mukherjee to the IMF Committee

We meet at a time when the global economy has been in a phase of heightened uncertainty. Some improvements in the macroeconomic climate and the policy actions undertaken in the Euro area recently have opened a window of opportunity to fight off the recessionary tendencies that continue to shadow world growth and trade. When we met in September last year, we agreed to act decisively and together to restore confidence and stability so that growth could be entrenched. It is worthwhile to take stock of the progress made in these directions so that we are better prepared to chart our course through the uncertain period ahead.