G20 India Presidency: India hosts first G20 Finance and Central Bank Deputies FCBD meeting

The first G20 Finance and Central Bank Deputies Meeting, under the Indian Presidency, ended on December 14, Wednesday. The meeting, which marked the beginning of the G20 Finance Track under the Indian Presidency was held for two days in Bengaluru, Karnataka, during December 13-14, 2022, under the co-chairship of Secretary, Economic Affairs, Ajay Seth and Deputy Governor, Reserve Bank of India, Dr. Michael Patra.

Over 160 foreign delegates including Deputies from G20 member countries, invitee countries, and international organizations took part in the meeting.

The agenda of this meeting was designed keeping in view the vision given by Prime Minister Narendra Modi and Indian Presidency’s G20 theme. Some of the major topics covered in the meeting include sustainable finance issues, sustainable development goals, Pandemic Prevention Preparedness and Response (PPR) with a special focus on low-income countries, financial inclusions, etc.

The next meeting will be G20 Finance Ministers and Central Bank Governors Meeting which will be held from 23-25 February in Bengaluru, Karnataka. India is holding the Presidency of the G20 from December 1, 2022, to November 30, 2023. The 43 Heads of Delegations will be participating in the final New Delhi Summit in September next year.

Some of the areas of priority for India for the G-20 Presidency include Green Development, Climate Finance, Accelerated, Inclusive & Resilient Growth, women-led development, etc.

Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das will be leading the Finance Track under India's G20 Presidency. Ajay Seth said to ANI that they are hopeful that under the guidance of the Finance Minister and the Governor, RBI, our G20 Finance Track outcomes will aid sustainable and inclusive growth for all and bring more resilience to the global economy.

There will be nearly 40 meetings, spread all over the country, covering various working groups and 4 Ministerial level meetings for G20 Presidency.