• Latest
nirmala sitaraman

Finance ministers meet in Washington discuss economic challenges

May 30, 2023
Jitendra Singh

Regional conference on good governance begins

October 4, 2023
World Bank Group headquarters

India will have 6.3 per cent growth rate this year

October 4, 2023
Abhay Karandikar

Karandikar takes charge as DST Secretary

October 4, 2023
indian army

India and Bangladesh hold joint military exercise

October 4, 2023
development projects in Chhattisgarh

PM inaugurates Rs 27,000-crore development projects in Chhattisgarh

October 4, 2023
PM inaugurates NTPC’s Telangana

PM inaugurates NTPC’s Telangana super thermal power project

October 4, 2023
Mann Ki Baat completes nine years

Mann Ki Baat completes nine years

October 4, 2023
World Bank Group headquarters

World Bank retains India’s FY24 GDP growth at 6.3%

October 4, 2023
cancer

New study on cancer treatment by radiation

October 3, 2023
nitin-gadkari

India to be World No. 1 auto hub in 3-4 years

October 3, 2023
coal-mining

Coal production over 67 MT in September

October 3, 2023
Turmeric

National Turmeric Board in Telangana: Golden boost for farmers

October 3, 2023
  • Login
  • Register
Blitzindiamedia
Contact
e-paper
  • Economy
  • India
  • International
  • News
  • Legal
  • The blitz special
  • Opinion
  • Social
  • G20 podium
  • Education
  • Videos
  • Hindi Edition
  • UK Edition
No Result
View All Result
  • Economy
  • India
  • International
  • News
  • Legal
  • The blitz special
  • Opinion
  • Social
  • G20 podium
  • Education
  • Videos
  • Hindi Edition
  • UK Edition
No Result
View All Result
World's first weekly chronicle of development news
No Result
View All Result

Finance ministers meet in Washington discuss economic challenges

by Blitz India Media
May 30, 2023
in G20 podium
0
nirmala sitaraman

NEW DELHI: Top finance leaders from G20 nations recently met for their second meeting under the Indian G20 presidency. The two-day meeting was co-chaired by India’s Finance Minister Nirmala Sitharaman and Reserve Bank of India Governor Shaktikanta Das. The G20 Finance Ministers and Central Bank Governors (FMCBG) meeting took place on April 12-13, in Washington DC.

Around 350 delegates from G20 members, 13 invitee countries, and various international and regional organizations participated in the meeting, which took place on the margins of the 2023 Spring Meeting of the International Monetary Fund and the World Bank Group.

YOU MAY ALSO LIKE

Home, Away From Home, For Indians

Ambassador sudhir instrumental in shaping dynamic ties with the UAE

The FMCBG meeting had three sessions. The first one was on Global Economy and International Financial Architecture which discussed the key challenges to global economic outlook, including the conflict in Ukraine, food and energy insecurity, climate change, and recent risks to financial stability.

Global economic recovery

The members agreed on the G20’s contribution to building a common understanding for global economic recovery and protecting vulnerable countries and populations.

The second session on Sustainable Finance, Financial Sector, and Financial Inclusion deliberated on mobilizing resources for climate change, the role of multilateral financial institutions in catalyzing private finance flows for Sustainable Development Goals, and scaling up and encouraging wider adoption of social impact investment instruments.

Discussions also covered the macroeconomic and financial challenges posed by the cryptoassets ecosystem and potential global policy responses, taking into account the risks, especially to Emerging Markets and Developing Economies (EMDEs). Members also discussed leveraging Digital Public Infrastructure (DPI) for financial inclusion and productivity gains.

Two-pillar tax package

The third session on International Taxation discussed the need for coordinated efforts towards effective implementation and wider adoption of the two-pillar international tax package. Ministers shared suggestions on how best the G20 can complement global efforts to enhance tax transparency.

In the run-up to the G20 FMCBG meeting, the G20 Finance and Central Bank Deputies met with the major Multilateral Development Banks (MDBs) on April 12 to discuss the status of implementation of recommendations of the G20 Independent Panel of MDBs on Capital Adequacy Frameworks (CAF). These updates will contribute to the preparation of the G20 Roadmap on CAF, which will be one of the key deliverables of the Finance Track under the Indian G20 Presidency.

The progress achieved during the second G20 FMCBG meeting will inform the discussions during the third meeting, which will be held in July in Gandhinagar, India, and subsequently the Leaders’ Summit scheduled to be held in New Delhi on September 9-10. The G20 is committed to addressing global economic challenges and promoting sustainable and inclusive growth for all.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Blitzindiamedia News Subscription

Popular News

  • Rev Daaji with Sh Parshottam Rupala ji ,Member Rajya Sabha

    Following the guidance of the heart – the only way forward into future

    0 shares
    Share 0 Tweet 0
  • Education with Best of the East and the West

    0 shares
    Share 0 Tweet 0
  • See it, Catch it, Beat It!

    0 shares
    Share 0 Tweet 0
  • Sustainable management practices vital for change

    0 shares
    Share 0 Tweet 0
  • Role that directors play

    0 shares
    Share 0 Tweet 0
World's first weekly chronicle of development news

© 2023 Blitz India Media -BlitzIndia Building A New Nation

Navigate Site

  • About us
  • Contact
  • Videos
  • Team
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Economy
  • News
  • Nation builder
  • Rising India
  • G20 podium
  • Multilateral
  • Education
  • Globetrotting
  • New India
  • Social
  • Team
  • Download
  • Videos
  • UK Edition
  • Hindi

© 2023 Blitz India Media -BlitzIndia Building A New Nation

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In