By Janet Ekstract
ISTANBUL- The annual G20 meeting with India as rotating president is meeting in Gandhinagar, Gujarat, India from July 17-18 focusing on five major sessions that include Global Health, Sustainable Finance and Infrastructure, International Financial Architecture, International Taxation and Financial Sector & Financial Inclusion. The main purpose of this third G20 Finance Ministers and Central Bank Governors (FMCBG) and Finance and Central Bank Deputies (FCBD) meetings is to review results of the G20 Finance Track and to be advised by ministers and governors on the future in moving ahead.
Ministers and Governors will be presented with some primary reports that include Volume 1 of a Report of the G20 Independent Expert Group on Strengthening Multilateral Development Banks (MDBs), progress in debt treatment for countries under the Common Framework, a guidance note for developing a globally coordinated framework for the regulation and supervision of crypto-assets, recommendations on Advancing Financial Inclusion and Productivity Gains through Digital Public Infrastructure (DPI) to achieve financial inclusion of the last mile, Principles for Financing Cities of Tomorrow as well as a list of other priorities.
There will be a plethora of G20 events planned that focus on funding-financing mechanisms, planning for future cities, high-level tax symposiums as well as how to combat tax evasion, corruption and money laundering. A roundtable discussion on crypto assets as well as multilateral banking will take place along with a number of workshops focusing on interlinking fast payment systems. There will also be workshops focusing on climate action and financing for emerging and developing economies.