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Many of India’s ideas receives enthusiastic approval from G-20 nations: Sitharaman

Washington: Several of India’s suggestions have received support from the G-20 group of nations. On this, there is a lively conversation. Nirmala Sitharaman, the Union Finance Minister, made this statement during a series of discussions with her counterparts from G-20 nations.

On Thursday, Sitharaman spoke during a news conference held in conjunction with the Washington, D.C., 2023 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group. The meeting with counterparts from G-20 nations, he claimed, went well. It is encouraging to see that the majority of the Indian suggestions have gotten positive feedback. This involves active participation.

The Finance Minister said that India got the chairmanship of G-20 in December. There are plans to host a leaders’ summit in New Delhi in early September. G-20 is an important forum of 20 major developed and developing economies of the world.

Sitharaman said that how we want to see the financial structure under India’s G-20 chairmanship. Several sessions will be held to elaborate on this. Discussions are ongoing on what should be the next steps to strengthen the global financial architecture.

The second meeting of Finance Ministers and Central Bank Governors (FMCBG) of G-20 countries under the chairmanship of India, the 2023 Spring Meeting of IMF and World Bank Group was held on 12-13 April. Finance Minister Nirmala Sitharaman and Reserve Bank of India Governor Shaktikanta Das jointly chaired the meeting. The meeting was attended by about 350 delegates from G-20 members, 13 invited countries and various international and regional organizations.

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