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February 21, 2023

1st G20 Finance Ministers & Central Bank Governors and 2nd G20 Finance & Central Bank Deputies Meetings from 22nd-25th February 2023 begins tomorrow in Bengaluru, India

G20 Finance

New Delhi, February 21, 2023 — The First G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the G20 Indian Presidency scheduled for 24th-25th February 2023 begins tomorrow in Bengaluru, Karnataka.

While addressing a press briefing today, Mr. Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, and Dr. Anantha V. Nageswaran, Chief Economic Advisor, Ministry of Finance, said that Union Finance Minister Smt. Nirmala Sitharaman and the Governor Reserve Bank of India (RBI), Dr. Shaktikanta Das, will jointly chair this meeting.

Mr. Seth informed the media that the G20 FMCBG meeting would be preceded by a G20 Finance and Central Bank Deputies (FCBD) panel on February 22, 2023. Mr. Seth and Dr. Michael D. Patra, Deputy Governor, RBI, will co-chair the FCBD meeting.

Union Minister for Information & Broadcasting and Youth Affairs & Sports, Government of India, Shri Anurag Thakur, will inaugurate the G20 FCBD meeting tomorrow.

The 1st G20 FMCBG meeting under the G20 Indian Presidency on 24th-25th February will see the participation of Finance Ministers and Central Bank Governors of the G20 members, invitee members, and heads of International Organisations. In total, there will be 72 delegations attending the meeting.

The Indian Presidency has designed the meeting agenda to foster a meaningful exchange of ideas among Ministers and Governors on pragmatic and influential approaches to address some key global economic issues.

The meeting will spread over three sessions on February 24th-25th, covering issues such as strengthening multilateral development banks to address shared global challenges of the 21st century, financing for resilient, inclusive, and sustainable “cities of tomorrow,” leveraging Digital Public Infrastructure (DPI) for advancing financial inclusion, and productivity gains. The sessions will also cover issues related to the global economy, global health, and international taxation.

The discussions in the G20 FMCBG meeting would provide a clear mandate for the various workstreams of the G20 Finance Track in 2023.

G20 India will also organize a “Ratri Bhoj Par Samvad” and cultural programs for the Finance Ministers, Central Bank Governors, and their delegations to showcase India’s diverse cuisines and culture.

Mr. Ajay Seth said that cultural programs showcasing India’s rich cultural odyssey across Karnataka would welcome ministers, governors, deputies, and delegates. The performance would reflect the artistry and splendor of Karnataka’s cultural ethos and legacy.

The Secretary said that on February 26, the delegates would make excursions and enjoy the beautiful natural landscape of Karnataka.

Source: Ministry of Finance, Government of India

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Edited & Posted by the Editor | 11:52 AM | Link to this Post

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