Remarks by Shri Shaktikanta Das, Governor, Reserve Bank of India At the Macro Week 2024 organised by the Peterson Institute for International Economics (PIIE), October 25, 2024, Washington DC

On "26/10/2024", the "Reserve Bank of India" issued an update regarding "Remarks by Shri Shaktikanta Das, Governor, Reserve Bank of India At the Macro Week 2024 organised by the Peterson Institute for International Economics (PIIE), October 25, 2024, Washington DC".

The Governor highlighted the need to adapt swiftly and act decisively in a rapidly changing global context to foster global stability and sustainable growth. He proposed six areas of priority, including reforming the international financial architecture, debt restructuring mechanisms, and improving global financial regulation.

Additionally, he emphasized the importance of addressing climate change through climate finance, recognizing the fragility and fault-lines of the global monetary and financial system, and promoting digital inclusion. The Governor also discussed the need for policymakers to steer a vast, interconnected fleet through turbulent seas, requiring transformative action agendas that prioritize multilateralism and collective action.