Sitharaman says India shall become voice of low and middle-income countries as it assumes G20 presidency
The finance minister assured that the process of financing SDGs should be a lot more friendly towards lower-income and developing countries.
Finance Minister Nirmala Sitharaman assured that sustainable development goals (SDG) for low, and middle-income economies and ways of financing them will be India’s priorities during its tenure of the G20 presidency.
Sithraman was addressing the 14th Annual International G20 Conference session on Tuesday organized by Indian Council for Research on International Economic Relations.
She said, “India's very carefully maintaining its position and voicing for the emerging markets, voicing for the low and middle-income countries and trying to make sure all our voices are heard.”
The finance minister identified some of the major issues that would be addressed by India under G20, some of which include addressing debt distress, climate finance, and sustainable development goals, among others.
“We have to understand how multilateral institutions, international financing institutions, are going to be better-reformed institutions. Are they going to serve with better vigour, have they become fatigued out, do they have newer thoughts, are they looking at 21st-century ways of leveraging the funds they have?” added Sitharaman.
She stressed on the fact that how the reform of institutions like the UN, IMF, and World Bank is needed to ensure the sustainable development goal is achieved across various economies.
The finance minister assured that the process of financing SDGs should be a lot more friendly towards lower-income and developing countries.
Some of the other topics on the agenda are likely to be addressing debt distress and spillovers, climate finance, urban infrastructure, and financial inclusions.
India is conducting several G20-related meetings in different cities during its presidency of the grouping that will begin on December 1, 2022, and continue till November 30, 2023.
The G20 Leaders’ Summit will be held in New Delhi on September 9 and 10 in 2023.
The G20, or Group of Twenty, is an intergovernmental forum of the world’s major developed and developing economies, comprising 19 countries like Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, USA and the European Union (EU).
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
GAIL share price target: Should you buy, sell or hold GAIL shares? Here's what brokerages make of PSU's Q4 results
Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Atal Pension Yojana EPFO National Pension System SWP Retirement Planning schemes provide pension every month
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
09:12 PM IST