PANAJI
The Third G20 International Financial Architecture Working Group (IFAWG) meeting, jointly steered by the Ministry of Finance and the Reserve Bank of India, is slated to be held on Tuesday.
Around 100 delegates from G20 members, invitee countries, and various international organisations will participate in the two-day meeting “ to be organised into various thematic sessions covering key priority areas of the Indian G20 Presidency.
The MoF and the RBI along with France and the Republic of Korea, who are the co-chairs of the IFAWG are expected to deliberate on strengthening the global financial safety net (GFSN), addressing global debt vulnerabilities, strengthening the multilateral development banks (MDBS) to address shared global challenges of the 21st century, and strengthening financial resilience through sustainable capital flows, assessing the macro-financial implications of central bank digital currencies, among others.
“During these discussions, the Indian G20 Presidency strives to give a voice to low-income and developing countries that are not represented at the G20 table and highlight issues of key concern to the Global South,” reads a statement issued by the Press Information Bureau.
The discussions in this meeting will further inform the Third G20 Finance Ministers and Central Bank Governors Meeting (FMCBG) meeting scheduled for July 17-18 in Gandhinagar.
