RBI, Centre to host three-day meet on Finance Track agenda

New Delhi, December 11

The first G20 Finance and Central Bank Deputies (FCBD) meeting will be held from December 13 to 15 in Bengaluru.

The meeting, which will mark the start of discussions on the Finance Track agenda under the Indian G20 presidency, will be hosted jointly by the Ministry of Finance and the RBI, stated an official news release.

The G20 Finance Track, led by Finance Ministers and Central Bank Governors of G20 countries, focuses on economic and financial issues. It provides an effective forum for global economic discourse and policy coordination. The First Finance Ministers and Central Bank Governors’ meeting will be held from February 23 to 25 in Bengaluru.

The upcoming meeting of the G20 Finance and Central Bank Deputies will be co-chaired by Ajay Seth, Secretary, Department of Economic Affairs, and Michael D Patra, Deputy Governor of the RBI. Their counterparts from G20 member countries, and from several other countries and international organisations invited by India, will participate in the two-day meeting.

The G20 Finance Track discusses key issues of relevance for the global economy, encompassing the global economic outlook, the international financial architecture, infrastructure development and financing, sustainable finance, global health, international taxation and financial sector issues, including financial inclusion.

At the Bengaluru meeting, discussions will focus on the agenda for the Finance Track under the Indian G20 Presidency. This includes reorienting international financial institutions to meet the shared global challenges of the 21st century, financing cities of tomorrow, managing global debt vulnerabilities, advancing financial inclusion and productivity gains, financing for climate action and SDGs and a globally coordinated approach to unbacked crypto assets.

On the sidelines of the meeting, a panel discussion will be held on ‘Strengthening multilateral development banks to address shared global challenges of the 21st century’.