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1st meeting of G20 Finance Track agenda to be held under G20 Presidency in Bengaluru

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The first G20 Finance and Central Bank Deputies (FCBD) meeting is scheduled to be held from 13th to 15th December 2022 in Bengaluru. According to Ministry of Finance, 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. The discussions during the meeting 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

The Minister informed that the first Finance Ministers and Central Bank Governors meeting will be held during 23-25 February 2023 in Bengaluru. The Indian G20 Presidency’s theme of ‘One Earth One Family, One Future’ will guide the G0 Finance Track discussions. Approximately 40 meetings of the Finance Track will be held in several locations in India, which include meetings of G20 Finance Ministers and Central Bank Governors. The discussions in the G20 Finance Track will ultimately be reflected in the G20 Leaders’ Declaration.

Earlier, the Prime Minister in his address at the Bali G20 Summit said that the need today is that the benefits of development are universal and all-inclusive.