Statement by Governor, RBI

There have been significant developments in the global economy since we met in the fall of 2010. The IMF too has moved on several fronts under its mandate which has strengthened its position in a changing world. There are several key questions confronting us today: Is the recovery assured in the face of still turbulent financial conditions and upward pressures on commodity prices? How resilient is the international monetary system to future shocks? Will the ongoing reforms empower the IMF and make it more effective in anchoring global monetary and financial stability? [On behalf of Mr. Pranab Mukherjee, Finance Minister of India and Member IMFC representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka]. URL:[http://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/INDIA170411.pdf].