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India holds the G20 Presidency till November 30, 2023
The fourth and final meeting of the G20 Framework Working Group (FWG) successfully ended in Raipur, Chhattisgarh on Tuesday (September 19, 2023), marking the culmination of the work done by the group during India’s G20 Presidency.
It provided an opportunity to reflect on the substantial progress achieved by the FWG in 2023 and to explore options for carrying this forward, the Union Ministry of Finance said.
While the G20 Summit was held in New Delhi on September 9-10, 2023, India holds the group's Presidency till November 30, 2023. Addressing the Special Session of Parliament on Monday (September 18, 2023), Prime Minister Narendra Modi had talked of the government's determination to make the best use of this time.
The meeting of the FWG, co-chaired by India and the UK, also saw in-depth deliberations on the global economic outlook and the key risks based on presentations by international organisations. Additionally, discussions were held on the initial findings of the draft G20/IMF Strong Sustainable, Balanced and Inclusive Growth Report based on an update provided by the IMF.
This year, the group successfully delivered two G20 reports, which were referenced in the New Delhi Leaders Declaration: G20 Report on Macroeconomic Impacts of Food and Energy Insecurity and G20 Report on Macroeconomic Risks Stemming from Climate Change and Transition Pathways.
Members recognised the need to continue the global conversation around assessing the macroeconomic consequences linked to these global challenges while exploring policy options to address them effectively, the Ministry of Finance said.
The two-day meeting on September 18-19, 2023, was co-chaired by Adviser, Ministry of Finance, Government of India Chandni Raina and Chief Economic Adviser, HM Treasury, UK Sam Beckett. Around 65 delegates from G20 members and invitee countries and international and regional organisations attended the meeting.
The Reserve Bank of India also hosted a number of Jan Bhagidari events to make G20 discussions more inclusive and human-centric. This consisted of events aimed at the general public, students, and self-help organisations, includinga series of financial literacy programmes, a G20 awareness programme, a painting contest, a slogan-writing contest, and a quiz competition.
During its G20 Presidency, India has hosted over 200 meetings in more than 60 locations spread across the country in an effort to involve the maximum number of people.
It provided an opportunity to reflect on the substantial progress achieved by the FWG in 2023 and to explore options for carrying this forward, the Union Ministry of Finance said.
While the G20 Summit was held in New Delhi on September 9-10, 2023, India holds the group's Presidency till November 30, 2023. Addressing the Special Session of Parliament on Monday (September 18, 2023), Prime Minister Narendra Modi had talked of the government's determination to make the best use of this time.
The meeting of the FWG, co-chaired by India and the UK, also saw in-depth deliberations on the global economic outlook and the key risks based on presentations by international organisations. Additionally, discussions were held on the initial findings of the draft G20/IMF Strong Sustainable, Balanced and Inclusive Growth Report based on an update provided by the IMF.
This year, the group successfully delivered two G20 reports, which were referenced in the New Delhi Leaders Declaration: G20 Report on Macroeconomic Impacts of Food and Energy Insecurity and G20 Report on Macroeconomic Risks Stemming from Climate Change and Transition Pathways.
Members recognised the need to continue the global conversation around assessing the macroeconomic consequences linked to these global challenges while exploring policy options to address them effectively, the Ministry of Finance said.
The two-day meeting on September 18-19, 2023, was co-chaired by Adviser, Ministry of Finance, Government of India Chandni Raina and Chief Economic Adviser, HM Treasury, UK Sam Beckett. Around 65 delegates from G20 members and invitee countries and international and regional organisations attended the meeting.
The Reserve Bank of India also hosted a number of Jan Bhagidari events to make G20 discussions more inclusive and human-centric. This consisted of events aimed at the general public, students, and self-help organisations, includinga series of financial literacy programmes, a G20 awareness programme, a painting contest, a slogan-writing contest, and a quiz competition.
During its G20 Presidency, India has hosted over 200 meetings in more than 60 locations spread across the country in an effort to involve the maximum number of people.
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