Bengaluru will host the 1st G20 Finance Track meeting under Indian Presidency
According to the Union Ministry of Finance the first meeting under the Finance track agenda of the G-20 meeting will take place in Bengaluru from 13th to 15th December 2022. It will be hosted jointly by the Union Finance Ministry and the Reserve Bank of India. All the 20 members of the G-20 Finance and Central Bank Deputies will participate in the meeting.
India is currently the President of the G-20 and it will hold the G-20 summit meeting in September 2023 in New Delhi.
G20 Finance track and Sherpa track meeting
Before the annual summit meeting of the G-20 countries leaders, there is a series of preparatory meetings held under the Finance Track and Sherpa track to work out the agenda of the annual summit meeting of the leaders of G 20.
Finance Track meeting
The Finance Track meeting is organised by the Union Ministry of Finance and it will organise a number of such meetings on the areas of international financial architecture, financial inclusion and sustainable finance, financing for infrastructure, climate finance and tax matters.
The Sherpa track
The Sherpa track meeting is organised by the Union External Affairs ministry and is chaired by the Indian Sherpa to G 20, Amitabh Kant. Around 100 meetings will be held on issues such as employment, health, digital economy, trade, investment & industry, environment & climate etc.
The first G-20 meeting was held at Udaipur from 4-7 December 2022.
First Finance Ministers and Central Bank Governors of the G-20 meeting
The first Finance Ministers and Central Bank Governors of the G-20 meeting will be held during 23-25 February 2023 in Bengaluru. According to the Union Finance Ministry the Indian G-20 Presidency’s theme of Vasudhaiva Kutumbakam” or “One Earth One Family One Future’ “will guide the G-20 Finance Track discussions.
G-20 is a multilateral organisation consisting of the world's major developed and developing countries. It consists of 19 countries and the European Union. The 19 member countries are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, and United States.
It was set up in 1999.
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