Bengaluru to Host First Meeting under India’s G20 Presidency

Bengaluru to Host First Meeting under India’s G20 Presidency

Bengaluru will host the first Finance and Central Bank Deputies (FCBD) gathering under India’s G20 Presidency beginning Tuesday. The Ministry of Finance and the Reserve Bank of India will jointly host the three-day gathering, from December 13-15, 2022, which will kick off discussions on the “Finance Track” agenda.

The G20 Finance Track is led by the central bank governors and finance ministers of G20 nations. The track focuses on economic and financial issues, and offers a useful forum for discussion of international economic issues and the coordination of policy. Finance Minister Nirmala Sitharaman and Governor RBI Shaktikanta Das will lead the Finance Track. The G20 Finance Ministers and Central Bank Governors Meeting will take place from February 23 to 25, 2023, in Bengaluru.

Ajay Seth, Secretary of Economic Affairs, and Dr. Michael D. Patra, Deputy Governor of the RBI, will co-chair the upcoming meeting of the G20 FCBD. Their counterparts from other G20 member nations will join them, along with other nations and international organisations invited.

According to an official press release, the G20 Finance Track covers the global economic outlook, the international financial architecture, infrastructure development and financing, sustainable finance, global health, international taxation, and issues relating to the financial sector, including financial inclusion.