Wednesday, December 11, 2024
Home » Finance » Third G20 International Financial Architecture Working Group (IFA WG) Meeting in Goa

Third G20 International Financial Architecture Working Group (IFA WG) Meeting in Goa

June 5, 2023
Finance
0

Share

The Third G20 International Financial Architecture Working Group (IFAWG) meeting under the Indian G20 Presidency is being organized during 6-7 June 2023 in the vibrant state of Goa.

The discussions during the two-day meeting will be jointly steered by the Ministry of Finance and the Reserve Bank of India along with France and the Republic of Korea, who are the Co-chairs of the IFA WG.
Approximately 100 delegates from G20 Members, Invitee Countries, and various International Organizations will be arriving in Goa to participate in the two-day meeting. The meeting is organized into various thematic sessions covering key priority areas of the Indian G20 Presidency. These include strengthening the Global Financial Safety Net (GFSN), addressing global debt vulnerabilities, strengthening the Multilateral Development Banks (MDBs) to address shared global challenges of the 21st century, and strengthening financial resilience through sustainable capital flows, assessing the macro-financial implications of Central Bank Digital Currencies, among others. During these discussions, the Indian G20 Presidency strives to give a voice to low-income and developing countries that are not represented at the G20 table and highlight issues of key concern to the Global South.
On the first day of the meeting, on 6 June 2023, a High-level seminar on “Towards Orderly Green Transition – Investment Requirements and Managing Risks to Capital Flows” will be held to facilitate an in-depth discussion on Green Capital Flows and Emerging Markets (EMs). Experts from various International Organizations and Institutions will participate in this seminar.
In the run-up to this meeting, a number of ‘Jan-Bhagidari’ events are being held across Goa. These include Financial Literacy Camps and awareness campaigns, Coin Mela, Walkathon, Swacchta Abhiyaan, and a Quiz Competition. These events are aimed at creating awareness about the G20 Indian Presidency and its theme “Vasudhaiva Kutumbakam” or “One Earth – One Family – One Future”.
The discussions in this meeting will further inform the Third G20 Finance Ministers and Central Bank Governors Meeting (FMCBG) meeting scheduled for 17-18 July 2023 in Gandhinagar, Gujarat.
Source : https://pib.gov.in/PressReleasePage.aspx?PRID=1929958

Related Posts

Reader / Viewer discretion and disclaimer :
The information provided on SMEConnect (www.smeconnect.in) website is intended for general informational purposes only. While we strive to provide accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or reliability of the content. The views and opinions expressed in the articles and posts on this website are those of the authors and do not necessarily reflect the official policy or position of SMEConnect website. Readers are advised to independently verify any information found on this website before making decisions based on it. We do not endorse, represent, or warrant the accuracy or reliability of any third-party content linked on this site. Furthermore, SMEConnect (www.smeconnect.in) website shall not be held liable for any errors, omissions, or delays in the information provided, nor for any losses, injuries, or damages arising from its display or use. Please note that the content on SMEConnect (www.smeconnect.in) website may be subject to change without notice.