IANS | 14 Jul, 2023
Union Finance Minister Nirmala Sitharaman and Reserve Bank of India
(RBI) Governor Shaktikanta Das will jointly chair a meeting of the G20
Finance Ministers and Central Bank Governors (FMCBG) on July 17-18 here,
an official has said.
These discussions are being held under India's presidency of the G20 which comprises 19 countries and the European Union.
The
key gathering will witness the participation of 66 delegations from
around the world, focusing on issues related to the global economy and
international financial architecture.
The third G20 Finance
Ministers and Central Bank Governors (FMCBGs) meeting will mark the
culmination of the work carried out under various work streams based on
the mandate received during the first FMCBG conclave held in Bengaluru
in February.
Ajay Seth, Secretary of the Department of Economic
Affairs, Ministry of Finance, highlighted the significance of this
meeting and its objectives.
A total of 520 participants across 66 delegations are expected to attend the meeting.
The
event will be organised in five thematic sessions, covering crucial
topics such as the global economy and health, sustainable finance and
infrastructure, international financial architecture, international
taxation, and the financial sector's inclusion.
The key
deliverables to be presented at the meeting include the volume 1 report
of the G20 Independent Expert Group on Strengthening MDBs (multilateral
development banks), progress in the debt treatment for countries under
the Common Framework, and a guidance note for developing a globally
coordinated framework for the regulation and supervision of
crypto-assets.
Additionally, workshops on various topics and a
cultural programme showcasing India's diverse cuisines and rich culture
will be organised.