Risks to global economy, debt vulnerabilities to figure at G20 ministerial meet starting Friday
Bengaluru, Feb 23 (PTI) Global debt vulnerabilities, risks to the world economy from ongoing war in Europe and fears of resurgence of pandemic as well as IMF and World Bank reforms will be discussed during the first major G20 meeting under India’s Presidency starting on Friday.
The issues concerning global framework for regulation of crypto currencies that has already been deliberated upon by finance and central bank deputies of G20 countries on Thursday may also figure during the ministerial meeting.
Ahead of the meeting, Finance Minister Nirmala Sitharaman has held a series of bilateral meetings with her counterparts from the US, Japan, Canada and other countries. During the meetings, various issues, including regulation of crypto currencies, strengthening of multilateral development banks, and debt vulnerabilities of developing countries emanating from the coronavirus pandemic and prolonged Russia-Ukraine war, were discussed.
