With anti-protectionist policies on top of G20 finance ministers’ March 14 communiqué, Prime Minister Manmohan Singh and the Congress trouble-shooter and finance minister Pranab Mukherjee can safely claim to have set one line on the global finance agenda.
By keeping pressure on the expansion of Financial Stability Forum (FSF) to include voices from the East and ensuring it happened, once again, the UPA government scored a small brownie: on March 12, a hallowed institution with a hallowed mandate, finally expanded its membership to include “Argentina, Brazil, China, India, Indonesia, Korea, Mexico, Russia, Saudi Arabia, South Africa and Turkey. In addition, Spain and the European Commission will also become FSF members.”
Blog post on Cutting the Edge
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