September 20, 2023
2 mins read

Final G20 FWG Meet Explores Future Areas of Work

It was attended by approximately 65 delegates representing G20 member countries, invitee countries, and international and regional organizations….reports Asian Lite News

The fourth and final meeting of the G20 Framework Working Group (FWG) under the Indian G20 Presidency came to a successful conclusion in Raipur, Chhattisgarh that facilitated discussions on the latest global economic outlook and policy guidance on key macroeconomic issues.

This two-day meeting, held from September 18 to 19, was co-chaired by Chandni Raina, Adviser, Ministry of Finance, Government of India and Sam Beckett, Chief Economic Adviser, HM Treasury, UK, read the Ministry of Finance press release.

It was attended by approximately 65 delegates representing G20 member countries, invitee countries, and international and regional organizations.

“The meeting marked the culmination of the FWG’s work during India’s G20 Presidency, offering an opportunity to reflect on the significant progress achieved in 2023 and to explore options for future endeavours,” read the press release.

During this year, the FWG successfully delivered two G20 reports that were referenced in the New Delhi Leaders Declaration- the G20 Report on Macroeconomic Impacts of Food and Energy Insecurity and the G20 Report on Macroeconomic Risks Stemming from Climate Change and Transition Pathways read the press release.

These reports addressed critical global challenges and explored policy options to address them effectively.

In addition to the reports, the meeting featured in-depth discussions on the global economic outlook and key risks, with presentations by international organizations.

Participants also delved into the initial findings of the draft G20/IMF Strong Sustainable, Balanced, and Inclusive Growth Report, based on an update provided by the IMF, read the press release.

To ensure the inclusivity and human-centric nature of G20 discussions, the Reserve Bank of India organized several Jan Bhagidari events.

These events aimed to engage the general public, students, and self-help organizations through activities such as financial literacy programs, G20 awareness initiatives, painting contests, slogan-writing contests, and quiz competitions, read the press release.

Delegates had the opportunity to enjoy an excursion to Nandanvan Zoological Garden, which includes a Jungle Safari, Zoological Park, Rescue and Rehabilitation Centre, and other attractions like the Khandwa Reservoir, known for attracting migratory birds and displaying the lush landscapes of Chhattisgarh.

As a culmination of the event, delegates were treated to a ‘Ratri Bhoj Par Samvad’ (Conversation over Dinner) and a cultural event, where they could immerse themselves in the rich cultural heritage and savour the delectable cuisine of Chhattisgarh, read the press release.

In line with the Indian Presidency’s theme of “One Earth, One Family, One Future,” the group collectively agreed to enhance international cooperation to effectively address macroeconomic challenges and work towards building a more resilient and prosperous global economy for the benefit of all.

The successful conclusion of the meeting demonstrates the commitment of G20 member countries to fostering global economic stability and sustainability. (ANI)

ALSO READ: Pakistan Advises Against Using Indian-Origin AI and ICT Products

Previous Story

Folk and Tribal Art Take Center Stage at ‘Indiyart’ Exhibition

Next Story

Celebs Who Redefine Fitness on a Vegetarian Diet

Latest from -Top News

Sri Lankan President due in China on Jan 14 

This visit follows Dissanayake’s first foreign trip to India in December, after assuming office on September 21….reports Asian Lite News Sri Lankan President Anura Kumara Dissanayake will begin a three-day visit to

Indo-Nepal forces tackle urban warfare, jungle survival 

The exercise features rigorous training in jungle survival, urban warfare, heliborne operations…reports Asian Lite News With focus on counterterrorism and operations in challenging terrains, the 18th edition of the Indo-Nepal Joint Military

10,000 special guests for Republic Day parade 

Some of the invited guests are carrying out exemplary work to ensure income and employment generation and environment protection through Self Help Groups (SHGs)…reports Asian Lite News In line with the objective

India and Taliban forge new path as rivals watch 

India’s foreign ministry, meanwhile, stated it was exploring development projects in Afghanistan and enhancing trade ties…reports Asian Lite News In their highest-level engagement since the Taliban’s takeover of Afghanistan in 2021, India’s
Go toTop

Don't Miss

Megalith sites in Hazaribagh draw interest for insights

More than five megalithic sites have been discovered around Hazaribagh

Lulu Group to invest Rs 4000 crores in Gujarat

Lulu Group employs more than 65,000-plus strong workforce from 42