“The IMF is [a member] of the FSB however the FSB, established after the 2009 G20 London Summit is seen to be nearer to the G20 and the U.S. at a time of Russia’s battle towards Ukraine,” mentioned a supply typically consulted on coverage issues by India’s Finance Ministry. “India might not need to alienate its previous ally, Russia. As a substitute, a delicate shift in direction of the IMF could also be seen as extra impartial.”
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