World News | Finance Minister Sitharaman to hold breakfast meeting for G20 members

WASHINGTON, Oct. 13 (PTI) Union Finance Minister Nirmala Sitharaman will host a breakfast meeting for his counterparts from G-20 countries on Thursday during the annual meetings of the International Monetary Fund and World Bank.

Founded in 1999, the G-20 is a group of 19 major world economies together with the European Union.

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India will assume the annual presidency of the G-20 countries in December this year. Indonesia currently holds the presidency of the G20.

U.S. Treasury Secretary Janet Yellen and other G20 finance ministers have confirmed their attendance at a breakfast hosted by Sitharaman at IMF headquarters.

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Sitharaman intends to work with this meeting to determine the pace and scope of India’s presidency next year and to build personal relationships with her counterparts from all G-20 countries.

With the world facing a recession and massive inflation, the G20’s role in steering the global economy has become increasingly important.

(This is an unedited and auto-generated story from the Syndicated News feed, the body of the content may not have been modified or edited by LatestLY staff)