India: The First G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the G20 Indian Presidency is scheduled during 24th-25th February, 2023 in Bengaluru, Karnataka. Union Finance Minister Smt. Nirmala Sitharaman and Governor, Reserve Bank of India (RBI), Dr Shaktikanta Das will jointly chair this meeting.
The G20 FMCBG meeting will be preceded by a meeting of G20 Finance and Central Bank Deputies (FCBD) on 22nd February, 2023, co-chaired by Shri Ajay Seth, Secretary (Economic Affairs) and Dr Michael D. Patra, Deputy Governor, RBI.
Union Minister for Information & Broadcasting and Youth Affairs & Sports, Government of India, Shri Anurag Thakur, will inaugurate the G20 FCBD meeting.
The 1st G20 FMCBG meeting under the G20 Indian Presidency will see the participation of Finance Ministers and Central Bank Governors of the G20 members, invitee members and heads of International Organizations. In total, there will be 72 delegation attending the meeting.
The Indian Presidency has designed the meeting agenda in a manner that can foster a meaningful exchange of ideas among Ministers and Governors on pragmatic and meaningful approaches to address some of the key global economic issues.
The meeting will be spread over three sessions on February 24th-25th, covering issues such as strengthening multilateral development banks to address shared global challenges of the 21st century, financing for resilient, inclusive and sustainable ‘cities of tomorrow’, leveraging Digital Public Infrastructure (DPI) for advancing financial inclusion and productivity gains. The sessions will also cover issues related to global economy, global health, and international taxation.
The discussions in the G20 FMCBG meeting are intended to provide a clear mandate for the various workstreams of the G20 Finance Track in 2023.
On the sidelines of these meetings, a number of side events have been planned for the visiting Ministers, Governors, Deputies and other delegates, on subjects such as Digital Public Infrastructure, Policy Perspectives on Crypto Assets and the role of National Payment Systems in Cross Border Payments.
A Ratri Bhoj Par Samvad and specially curated cultural programmes will also be organized for the Finance Ministers, Central Bank Governors and their delegations which will showcase India’s diverse cuisines and culture.
A special event titled Walk the Talk: Policy in Action is also being organised, during which the Ministers and Governors will visit the Indian Institute of Science (IIS) to engage with tech-innovators and entrepreneurs who are working on affordable and scalable solutions to some of the challenges being faced by G20 member countries.
For the welcome of ministers, governor, deputies and delegates, we have organized cultural programmes showcasing India’s rich cultural odyssey across Karnataka — a land renowned for its deep rooted cultural and artistic heritage with diverse form of arts and crafts. The performance would reflect the artistry and splendour of Karnataka’s cultural ethos and legacy.
On 26th February choices of excursions have been provided for the delegates to provide them an opportunity to enjoy the beautiful natural landscape of Karnataka.
Canada: This week, from February 23 to 25, Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will attend the meetings of the G7 and G20 Finance Ministers and Central Bank Governors in Bengaluru, India.
At these meetings, the Deputy Prime Minister will work with Canada’s international partners to address global challenges, including the economic impacts of Putin’s illegal war, elevated inflation, climate change, international tax fairness, and global sovereign debt challenges.
While in Bengaluru, the Deputy Prime Minister will also mark one year since Russia’s illegal invasion of Ukraine. In partnership with Canada’s allies, the Deputy Prime Minister will work to ensure continued support for Ukraine, and to hold Russia accountable for Putin’s assault on the people of Ukraine.