The first meeting of the G-20 Finance and Deputy Chief of Central Banks (FCBD) concluded in India’s Silicon Valley Bengaluru on Wednesday. During the meeting, India presented its priorities to address the challenges facing the global economy, which received full support from the member countries.
The two-day meeting focused on the Finance Track agenda under India’s G-20 chairmanship was jointly organized by the Ministryof Finance and the ReserveBank of India. On the second day of the meeting, three sessions were held on Wednesday, in whichmainly three agendas were discussed. During the meeting, fruitful discussions were held on three important agendas namely- International Taxation, GlobalHealth and Financial Sector and Financial Inclusion. The day began with a side-event on ‘Strengthening multilateral development banks (MDBs) to address shared global challenges of the 21st century was held on the sidelines of the Deputies meeting.
The meeting of G-20 Finance andDeputy Chiefs of Central Banks was co-chaired by Ajay Seth, Secretary, Department of EconomicAffairs, Ministry of Finance, and Dr. Michael D. Patra, Deputy Governor, RBI. At the conclusion Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance. During this press conference, Ajay Seth said – “During the meeting, it has also been decided that all the member countries will coordinate and deal with the problems related to inflation, food and fuel crisis at the global level.”