The 2nd meeting of G20 Finance Ministers and Central Bank Governors (FMCBG) began in Washington D.C
Chennai,April 13 Union Finance Minister Nirmala Sitharaman hosted the 2nd meeting of G20
Finance Ministers and Central Bank Governors (FMCBG) in Washington D.C. U.S. The meeting is
scheduled from 12 th April to 13 th April. The meeting has three sessions, to discuss the global economy
and international financial architecture, sustainable finance, financial sector and financial inclusion,
and international taxation. The meeting was chaired by Finance Minister Nirmala Sitharaman and RBI
Governor Shaktikanta Das. During the meeting, the Finance Minister discussed issues and areas of
mutual interest and cooperation under India’s G20 presidency with their respective counterparts from
G20 countries and heads of other delegations including major international organizations. The
meeting saw deliberations on key issues such as food and energy insecurity, managing global debt
vulnerabilities, strengthening multilateral development banks (MDBs), mobilizing finance for climate
action, advancing the financial inclusion process, and accelerating international tax and financial
progress. Around 350 delegates from 13 invited countries and various international and regional
organizations participated in the meeting apart from the G20 member states.
During the meeting, Finance Minister discussed issues of mutual interest and cooperation under
India’s G20 Presidency with the heads of delegations. She also participated in a roundtable discussion
on “Investing in India Decade” organized by the Federation of Indian Chambers of Commerce and
Industry (FICCI) and the US-India Strategic Partnership Forum (USISP) where she talked about the
transformation of the Indian economy and the opportunities for companies in detail. She underlined
the reality of global acceptance of ‘New India’ during the round table conference. She also discussed
the global debt crisis and strengthening multilateral development banks, an Indian initiative under
India’s G-20 presidency. The Finance Minister also highlighted that India is adopting technology and
digitization tools at twice the rate of adoption by people around the world, making their lives
effectively easier. Further, The Finance Minister also took part in the meetings of the World Bank
Group (WBG) and the International Monetary Fund (IMF) Spring Meetings 2023 held in Washington.
Finance Minister Nirmala Sitharaman was received by Indian Ambassador to the US Taranjit Singh
Sandhu on her arrival in Washington DC. Earlier, Nirmala Sitharaman reached JFK International
Airport in New York. Where she was received by Consul General of India Randhir Jaiswal. The first
meeting of the G20 Finance Ministers and Central Bank Governors (FMCBG) was held in Bengaluru.
While the third G20 FMCBG meeting will be held in Gandhinagar.