Bengaluru : “1st Meeting of G20 Finance Track under #G20 India, The three-day meeting which marks the start of discussions on Finance Track agenda under the Indian G20 Presidency began in bengaluru jointly hosted by the Union Minister of Finance and the Reserve Bank of india (RBI). The first G20 Finance and Central Bank Deputies (FCBD) meeting with an aim of forging a common path on global priorities through the theme of “The World is one Family”.

The G20 FCBD meeting that began  is co-chaired by Ajay Seth, Secretary, Department of Economic Affairs and Dr Michael D Patra, Deputy Governor of RBI. The G20 Finance Track, led by Finance Ministers and Central Bank Governors of the member nations, focuses on economic and financial issues. Their counterparts from G20 member countries, and from several other countries and international organisations invited by India, are participating in the meeting.

 According to officials statement Discussions will focus on the agenda for the Finance Track under the Indian G20 Presidency, including reorienting international financial institutions to meet the shared global challenges of the 21st century; financing cities of tomorrow; managing global debt vulnerabilities; advancing financial inclusion and productivity gains; financing for climate action and SDGs a globally coordinated approach to unbaked crypto assets; and advancing the international taxation agenda. Meanwhile, the First Finance Ministers and Central Bank Governors Meeting will be held from February 23-25, 2023 in Bengaluru.

Official release said, 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.