The first G20 Finance Ministers and Central Bank Governors meeting under the G20 Indian Presidency will be held in Bengaluru, Karnataka, on the 24th and 25th of February 2023. The meeting will be jointly chaired by Union Finance Minister Smt. Nirmala Sitharaman and Governor, Reserve Bank of India (RBI), Dr Shaktikanta Das.
G20 Finance and Central Bank Deputies Meeting to Precede Main Event
The G20 Finance and Central Bank Deputies meeting will be held on 22nd February, co-chaired by Shri Ajay Seth, Secretary (Economic Affairs), and Dr. Michael D. Patra, Deputy Governor, RBI. Union Minister for Information & Broadcasting and Youth Affairs & Sports, Government of India, Shri Anurag Thakur, will inaugurate the G20 FCBD meeting.
The meeting will bring together finance ministers and central bank governors from G20 members, invitee members, and heads of international organizations. A total of 72 delegations will attend the meeting.
Meeting to Address Key Global Economic Issues
The meeting will focus on pragmatic and meaningful approaches to address some of the key global economic issues. Discussions will cover topics such as strengthening multilateral development banks, financing for resilient, inclusive, and sustainable ‘cities of tomorrow’, leveraging Digital Public Infrastructure (DPI) for advancing financial inclusion and productivity gains, global economy, global health, and international taxation.
Discussions to Provide Clear Mandate for G20 Finance Track
The discussions are intended to provide a clear mandate for the various workstreams of the G20 Finance Track in 2023.
Side Events Planned for Delegates
In addition to the meetings, a number of side events have been planned for the visiting ministers, governors, deputies, and other delegates on subjects such as Digital Public Infrastructure, Policy Perspectives on Crypto Assets, and the role of National Payment Systems in Cross Border Payments.
A Ratri Bhoj Par Samvad and specially curated cultural programs will also be organized for the Finance Ministers, Central Bank Governors, and their delegations to showcase India’s diverse cuisines and culture.
Walk the Talk: Policy in Action Event to Take Place
A special event titled Walk the Talk: Policy in Action is also being organized, during which the Ministers and Governors will visit the Indian Institute of Science (IIS) to engage with tech innovators and entrepreneurs who are working on affordable and scalable solutions to some of the challenges being faced by G20 member countries.
On the sidelines of the meeting, delegates will be offered excursions to enjoy the beautiful natural landscape of Karnataka.
The Indian Presidency has designed the meeting agenda to foster a meaningful exchange of ideas among Ministers and Governors. The G20 Finance Track has been an effective forum for multilateral dialogue and cooperation since its inception, and the Bengaluru meeting is expected to contribute to the strengthening of the global economic recovery.
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