The minister of external affairs in the government of India, Dr S Jaishankar, recently interacted with the media on several international issues of importance to India. The external Affairs Minister expanded upon his opinion on matters about the neighbourhood, the G-20 presidency of India and the global issues that affect and demand India’s opinion and action.
For the first order of Business, EAM Jaishankar commented on the worsening state of the economy of Pakistan. He offered the administration of Pakistan his advice on the crisis. He asked the government to focus its attention on fixing its plans and policies so that they are in favour of the people.
Dr Jaishankar elaborated that if he was creating policies and plans, his priority would be to make the policies in favour of the people they will affect. He extended the same advice to any countries that are undergoing economic crisis. It is worth noting that Pakistan is holding virtual talks on the Memorandum of Economic and Financial Policies (MEFP) to strike the staff-level agreement.
The country is talking to the IMF, who, in a recent interaction, insisted on tightening the country’s monetary policy. Responding to the request, the government listed the measures they have taken. They revealed the external financial assistance they received from their international allies, China and UAE. At the same time, they presented their strategy to meet the foreign exchange reserves by June.
Further, in the interaction the Minister of External Affairs reiterated the neighbourhood first policy of India, India’s G-20 Presidency. Regarding India’s stand on world affairs, he stated that the affairs can be summmed up in 3Cs, Covid, Climate and Conflict. Elaborating on this, he expressed that climate is an operational issue, not a existencial one. Talking about the solution to the issue, EAM Jaishankar noted that the solution is also 3C.
This means that the governments need to use creativity to find the solutions of Climate change, excersise caution while navigating the world that we are entering in and finally, he believes that the world is going through credibility issues. Thus, the 3Cs problem should have a 3Cs solution.
talking about the The Neighbourhood first policy, Dr S Jaishankar stated that it remains a strong point of priority and focus for the government of India as he believes that the neighbourhood perhaps does more than we do