Geithner, Kohn to Discuss Investment Strategies in India
WASHINGTON -- U.S. Treasury Secretary Timothy Geithner and Federal Reserve Vice Chairman Donald Kohn will meet with a range of financial leaders to discuss bilateral economic policies between the U.S. and India, a senior Treasury official said Wednesday.</br></br>Mr. Geithner and Mr. Kohn will travel to India April 6-7 and are slated to meet with Prime Minister Manmohan Singh in New Delhi. The U.S. officials will take part in economic and financial partnership discussions--in particular, infrastructure investments.</br></br>The senior Treasury official said the U.S. and India can learn from each other's infrastructure investment strategies. For instance, how the U.S. uses municipal bonds to fund infrastructure projects can be useful to Indian authorities, the official said.</br></br>U.S. officials are adamant about increasing mutual understanding and cooperation with India, which is a top reason the Fed's Kohn is participating in the Treasury Department's trip.</br></br>"An exchange of views and information on financial markets and financial institutions, as well as on macroeconomic policies and prospects, are critical to this mutual understanding," a Federal Reserve official said, noting that the Fed is "uniquely positioned" to provide the U.S. perspective.