1st G20 Central Bank Deputies Meet in Bengaluru Under India’s Presidency
1st G20 Central Bank Deputies Meet in Bengaluru Under India’s Presidency: The first G20 Finance and Central Bank Deputies (FCBD) summit is slated to take place in Bengaluru from December 13–15, 2022. This meeting, which will mark the start of discussions on the Finance Track agenda under the Indian G20 Presidency, will be hosted jointly by the Ministry of Finance and the Reserve Bank of India.
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Dr. Michael D. Patra, Deputy Governor of the RBI, and Mr. Ajay Seth, Secretary, Department of Economic Affairs, will co-chair the forthcoming meeting of G20 Finance and Central Bank Deputies. Their counterparts from G20 member countries, and from several other countries and international organisations invited by India, will participate in the two-day meeting.
Focus of The Meeting:
The G20 Finance Track, led by Finance Ministers and Central Bank Governors of G20 countries, focuses on economic and financial issues. It provides an effective forum for global economic discourse and policy coordination. The First Finance Ministers and Central Bank Governors Meeting will be held during 23-25 February 2023 in Bengaluru.
Key Agenda on The Table:
The global economic outlook, the international financial architecture, infrastructure development and financing, sustainable finance, global health, international taxation, and financial sector challenges, particularly financial inclusion, are all covered by the G20 Finance Track.
In the Bengaluru meeting, discussions will focus on the agenda for the Finance Track under the Indian G20 Presidency. This includes 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 unbacked crypto assets and advancing the international taxation agenda.