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Bangalore (Karnataka) [India]Dec 15 (ANI): French G20 representative Emmanuel Moulin is confident in India’s G20 presidency, saying it can make a lot of progress amidst the difficult environment prevailing in the world.
“France and India have a very strong relationship. We have been working on many issues including climate change and have a strong cooperation on defence. We have a lot of French companies investing in India,” Mullin said.
“We value India’s G20 presidency. I think we can make a lot of progress in a difficult environment. We think India is positioned and the G20 presidency can address the challenges ahead of us,” he added.
Speaking of the experience so far, Moulin said he has enjoyed the intensive work sessions but also attended cultural events.
“We had two very productive days. We enjoyed intense working sessions, but we also participated in cultural events. We saw the mobilization of all authorities in India to make the G20 a success,” he added.
The first meeting of G20 fiscal and central bank representatives under India’s presidency was held in Bengaluru, Karnataka on December 13-14, the finance ministry said in a press statement.
More than 160 foreign representatives from G20 member countries, invited countries and representatives of international organizations actively participated in the meeting. This marks the start of the G20 financial track under the Indian presidency.
The agenda for this meeting is based on the vision set out by Prime Minister Narendra Modi and the G20 theme under the Indian Presidency.
The meeting was held to seek views from G20 members on India’s G20 financial track priorities for 2023. A side event on “Strengthening Multilateral Development Banks to Address Shared Global Challenges of the 21st Century” was held during the Delegates Conference.
Reflecting the themes of ‘Vasudhaiva Kutumbakam’ and ‘One Planet, One Family, One Future’, discussions focused on issues related to the global economy and risks, strengthening multilateral development banks (MDBs), managing global debt vulnerabilities, financing climate action and the Sustainable Development Goals (SDGs) and building resilient, inclusive and sustainable cities of tomorrow.
In the first meeting on the priorities of the Working Group on the Global Economy and Framework, G20 members discussed global economic challenges, including global inflation, food and energy insecurity, and the macroeconomic impact of climate change.
At the session on the international financial architecture, delegates discussed various issues, including strengthening multilateral development banks (MDBs), and exchanged work on key topics such as global debt distress, capital flows and the global financial safety net to be undertaken in 2023 opinion.
At the global health meeting, G20 representatives discussed strengthening coordination arrangements between finance and health ministries on pandemic preparedness and response (PPR), including expanding the voice of low-income countries by inviting key regional organizations to participate in discussions .
The financial sector and financial inclusion were discussed at the previous session. Discussions focused on financial sector development and ways to advance financial inclusion through a people-centred vision.
These discussions will pave the way for the first meeting of G20 finance ministers and central bank governors to be held in Bengaluru, Karnataka, from February 23-25. (Arnie)
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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