G-20 finance and central bank representatives meeting held in Bengaluru

Tags: Economy/Finance Summits National News

The first G-20 Finance and Central Bank Deputies meeting and the first Finance Ministers and Central Bank Governors meeting began in Bengaluru on 13 December.

Important facts

• The Bank Governors meeting began in Bengaluru on 13 December. 

• The three-day meeting, which will mark the beginning of discussions on the 'Finance Track' agenda under India's G20 chairmanship, will be jointly organised by the Ministry of Finance and the Reserve Bank of India.

• There will be 40 such meetings on Finance across the country.

• The first Finance Ministers and Central Bank Governors Meeting will be held between February 23-25, 2023 in Bengaluru.

What is the G20 Finance Track?

• It is led by the finance ministers and central bank governors of the G20 countries and focuses on economic and financial issues.

• It provides an effective forum for global economic discourse and policy coordination.

• The G20 Finance Track discusses key issues of relevance for the global economy, encompassing the global economic outlook, the international financial architecture, infrastructure development and financing, sustainable finance, global health, international taxation and financial sector issues, including financial inclusion.

• Discussions in the Bengaluru meeting will focus on the agenda of the finance track under India's G20 chairmanship.

• During the meeting, a panel discussion on 'Strengthening Multilateral Development Banks to Address the Common Global Challenges of the 21st Century' will be held.

• A seminar on the 'Role of Central Banks in Green Financing' will also be held.