On Saturday, India and the International Monetary Fund (IMF) decided to set up a regional training and technical assistance centre in the capital for enhancing capacity development and training officials in dealing with macro economic and financial issues.

Finance Minister Arun Jaitely and IMF Managing Director Christine Lagarde signed a memorandum of understanding (MoU) for setting up the centre in the presence of Prime Minister Narendra Modi.

Lagarde said that “This will be the first centre that fully integrates training and technical assistance and is a model for our future capacity development work.”

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