JUST IN
Affordable housing demand down to 26% in 2022: Sector expects on budget
Budget 2023-24: Centre to target higher capex but lower fiscal deficit
Union Budget likely to test govt's fiscal resolve ahead of 2024 elections
EoIs for ports: Experts sound Joshimath alarm for Great Nicobar Island
Ahead of Budget, FPIs take out Rs 17K crore from equities in January
Gati Shakti push: 18 road projects headed for the fast lane in FY24
Time to spur Vizhinjam project to avoid Ever Alots giving India wide berth
'Three deaths every day': Labour safety under construction in India
Rural road construction far behind target in April-Sept: NSO data
G20 International Financial Architecture Working Group meeting on Monday
You are here: Home » Economy & Policy » News
Budget 2023: What is the Economic Survey? All you need to about it
icon-arrow-left
Rural road construction far behind target in April-Sept: NSO data
Business Standard

G20 International Financial Architecture Working Group meeting on Monday

Around 100 delegates from the G20 countries, invitee countries and international organisations will be participating in the two-day meeting

Topics
G20  | G20 Meet

Press Trust of India  |  Chandigarh 

India's G20 presidency
India assumed the G20 presidency for one year on December 1, 2022. The G20, or Group of 20, is an intergovernmental forum of the world's major developed and developing economies

The first G20 International Financial Architecture Working Group meeting will start on Monday, where participants will discuss ways to enhance stability and cohesion of the global financial architecture and how to make it fit to address the global challenges of the 21st century.

The meeting will also focus on exploring ways to provide maximum support to poor and vulnerable countries, Anu P Mathai, economic advisor, department of Economic Affairs, told the media here on Sunday.

Around 100 delegates from the G20 countries, invitee countries and international organisations will be participating in the two-day meeting.

Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar and Minister of Food Processing Industries Pashupati Kumar Paras will inaugurate it, she said.

Discussions during the meeting will be jointly steered by the ministry of finance and the Reserve Bank of India along with France and Korea who are the co-chairs of the International Financial Architecture Working Group.

"The meeting will discuss ways to enhance the stability and cohesion of the international financial architecture and how to make it fit for addressing the global challenges of the 21st century," she said.

On the sidelines of the meeting on Monday, a G20 side event titled 'Central Bank Digital Currencies (CBDCs): Opportunities and Challenges' will also be held.

The event is aimed at sharing countries' experiences and developing a deeper understanding of the macro prudential implications of CBDCs, she said.

India assumed the G20 presidency for one year on December 1, 2022. The G20, or Group of 20, is an intergovernmental forum of the world's major developed and developing economies.

It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Indonesia, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union (EU).

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

Read our full coverage on G20

First Published: Sun, January 29 2023. 19:18 IST

`
RECOMMENDED FOR YOU
.