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New Delhi: A working group of the G20 on Tuesday deliberated upon strengthening international financial institutions and explored ways of helping low-income countries to deal with debt distress, on the first day of a two-day meeting that kicked off in Goa.
New Delhi: A working group of the G20 on Tuesday deliberated upon strengthening international financial institutions and explored ways of helping low-income countries to deal with debt distress, on the first day of a two-day meeting that kicked off in Goa.
The finance ministry said in a series of social media announcements that the International Financial Architecture (IFA) working group of the G20 discussed “managing global debt vulnerabilities” and also held a side event on “orderly green transition and investment requirements.”
The finance ministry said in a series of social media announcements that the International Financial Architecture (IFA) working group of the G20 discussed “managing global debt vulnerabilities” and also held a side event on “orderly green transition and investment requirements.”
The outcomes of the meeting will be presented to the G20 leadership. G20 finance ministers and central bank governors meet four times in a presidency. The third such meeting under India’s presidency of G20 will take place in July and subsequently a leaders’ summit will take place in September.
The outcomes of the meeting will be presented to the G20 leadership. G20 finance ministers and central bank governors meet four times in a presidency. The third such meeting under India’s presidency of G20 will take place in July and subsequently a leaders’ summit will take place in September.
The working group co-chaired by South Korea and France began near Panaji with more than 100 delegates from member countries and various international organisations taking part in the gathering, news agency PTI reported.
The working group co-chaired by South Korea and France began near Panaji with more than 100 delegates from member countries and various international organisations taking part in the gathering, news agency PTI reported.
The report said quoting a senior official that the third IFA Working Group had an “exciting start” as leaders discussed vital topics like strengthening global financial safety net.
The report said quoting a senior official that the third IFA Working Group had an “exciting start” as leaders discussed vital topics like strengthening global financial safety net.
The working group emphasized on making collaborative efforts towards building a more stable and resilient global economy, said the official.
The working group emphasized on making collaborative efforts towards building a more stable and resilient global economy, said the official.
“The session saw a crucial dialogue on managing global debt vulnerabilities. The delegates discussed strategies to address and mitigate debt risks in the international financial system,” he said.
“The session saw a crucial dialogue on managing global debt vulnerabilities. The delegates discussed strategies to address and mitigate debt risks in the international financial system,” he said.
The working group also delved into the issue of strengthening global financial safety net, a vital framework of measures that aims to provide financial assistance and stability to countries during an economic crisis, said the official.
The working group also delved into the issue of strengthening global financial safety net, a vital framework of measures that aims to provide financial assistance and stability to countries during an economic crisis, said the official.
PTI contributed to this story
PTI contributed to this story
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