2 weeks ago
BRICS Finance Ministers Meet in Jaipur Focuses on Fintech Payments
Some very important money experts from a group of countries called BRICS met in a city in India called Jaipur.
The leaders of the meeting were India's finance minister, Nirmala Sitharaman, and the head of India's central bank, Sanjay Malhotra.
They talked about how to keep the world's money systems safe and steady.
They also discussed how banks in different countries can work together better.
They talked about new technology for money, like paying digitally with phones.
They wanted to make it easier to send money between countries.
This is called cross-border payments.
They also discussed making the overall economy stronger.
The meeting lasted for two days.
It shows how countries can cooperate to keep their money systems safe.
Union Finance Minister Nirmala Sitharaman and RBI Governor Sanjay Malhotra co-chaired the BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting in Jaipur on August 12-13.
Discussions centered on financial stability, cooperation among central banks, fintech, cross-border payments and broader economic resilience.
RBI Governor Sanjay Malhotra stressed the importance of central banks in maintaining stability and called for stronger cooperation among monetary authorities.
The two-day meeting brought together key policymakers from BRICS nations.
The meeting aimed to deliberate on financial and economic issues affecting BRICS nations.
- Who
- Union Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Sanjay Malhotra, along with key policymakers from BRICS nations.
- What
- The BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting on financial stability, central bank cooperation, fintech, cross-border payments and economic resilience.
- Where
- Jaipur, India.
- When
- August 12-13.
- Why
- To deliberate on financial and economic issues affecting BRICS nations and strengthen cooperation among monetary authorities.
Key facts
- Event
- BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting
- Co-Chairs
- Nirmala Sitharaman and Sanjay Malhotra
- Location
- Jaipur, India
- Dates
- August 12-13
- Duration
- Two days
- Key Topics
- Financial stability, central bank cooperation, fintech, cross-border payments, economic resilience









