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Problems in grain exports due to WTO: Sitharaman

Washington, April 23 (agency)

Finance Minister Nirmala Sitharaman has said that countries like India, which have the ability to solve this problem through export of food grains amid the global food shortage due to Ukraine crisis, will face the problems caused by the World Trade Organization (WTO). facing. Responding to India’s concerns during the recently concluded annual spring meeting of the International Monetary Fund and the World Bank, WTO Director-General Ngozi Okonja Iwela said the organization should look at it positively, Sitharaman told a group of Indian reporters here. and is expected to be resolved. India’s Ambassador to the US Taranjit Singh Sandhu was also present along with Sitharaman in this press conference. He said that America has requested India to help in the event of food crisis. Sitharaman said, ‘In one of the sessions, I had made my point that countries like India, which have the potential to export agricultural products, especially food grains, are facing problems in the WTO.’

Need to save countries suffering from debt stress

Sitharaman has stressed the need to save countries facing debt stress. Sitharaman said in a meeting with World Bank Group President David Malpass that India is concerned about the risks posed to the recovery in the global economy due to rising uncertainty amid geopolitical tensions. Sitharaman, who is on a visit to the US to attend the ‘International Monetary Fund (IMF)-World Bank Meeting 2022’, said, “Rescuing countries facing credit stress to the World Bank due to the pandemic and recent geopolitical developments.” need to come forward. Sri Lanka, in particular, needs special attention, which is facing an unprecedented economic situation.

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