India hosts first G20 Finance Ministers and Central Bank Governors meeting under G20 Presidency in Bengaluru

 

 

 

The first G20 Finance Ministers and Central Bank Governors meeting of the Indian Presidency will take place on 24-25 February 2023 in Bengaluru, Karnataka. 

The G20 Finance Track has several workstreams including global economic outlook and risks, international financial architecture, financial inclusion, infrastructure development and financing, sustainable finance, global health financing and international taxation. 

According to officials on Tuesday, at a significant meeting in Bengaluru this week, the G20's finance ministers and central bank chiefs are set to deliberate on several topics, including the increasing debt in developing and underprivileged economies, the use of cryptocurrencies, and global growth concerns amidst heightened inflationary pressure.

 

The meeting will focus on priorities under global economy, international financial architecture, sustainable finance, infrastructure, health, international taxation, financial sector, and financial inclusion. The meeting will be spread over two days with Union Finance Minister and RBI Governor jointly steering the discussions under G20 India's Finance Track priorities. The G20 seeks to find pragmatic global solutions to the challenges of the 21st century through focused dialogue and deliberations, and the Indian Presidency seeks to actively facilitate this. Around 500 foreign delegates are expected to attend, including finance ministers and central bank governors of G20 and invitee countries, and heads of various international organisations.