Union Finance Minister Nirmala Sitharaman met her American counterpart Janet L Yellen on Thursday ahead of the first meeting of Finance Ministers and Central Bank Governors (FMCBG).
Finance Minister Nirmala Sitharaman. (file photo)
G20 meeting: Union Finance Minister Nirmala Sitharaman met her American counterpart Janet L Yellen on Thursday ahead of the first meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) under the chairmanship of India. The FMCBG meeting will be held in Bengaluru on February 24-25. In this meeting, Sitharaman and Yellen talked about the priorities of the G20 Finance Trek under India’s G20 presidency in 2023.
The Finance Ministry tweeted that the two leaders talked about the Just Energy Transition Partnership (GETP), besides strengthening multilateral development banks, global debt sensitivities, crypto assets and health. It said that both sides agreed that the lessons learned from the Kovid-19 epidemic should not go in vain and there is a need to make more preparations to face such a situation in the future. Earlier, Sitharaman also met Giancarlo Giorgetti, Minister of Finance and Economy of Italy.
The Finance Minister said that under the leadership of PM Modi, India hosted the voice of the #GlobalSouthSummit and India will put forth the vision of the #GlobalSouth. Giorgetti indicated that Italy would remain a bridge between the Global North and the Global. At the G20 in India, the US Treasury Department said in a statement earlier this week that Yellen would join allies in holding Russia accountable for its illegal invasion of Ukraine, and with countries to mitigate the effects of the war. Will share
built on these steps
The US and other countries have built on steps taken to address global food insecurity through communication and coordination on macroeconomic policy among the world’s largest economies, which, along with Putin’s war The undue influence of Russia has been increased by reducing it. It said that Yellen would also discuss the US and the global economy in the face of headwinds, including Russia’s illegal invasion of Ukraine, an attack on Russian oil and refined product exports to drive higher global energy prices through price caps.
Finance Minister will highlight the priorities
The Finance Minister will highlight key priorities for the Treasury during the G20. This includes fostering greater support and ambition for meeting global emissions reductions, the urgency behind the need to develop multilateral development banks and building a broad coalition and a common framework for providing debt relief, the statement said. Underscoring the importance of distributing includes.
Source: www.tv9hindi.com
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