Finance Minister Nirmala Sitharaman meets US Treasury Secretary Janet Yellen ahead of the first G20 meeting in Bengaluru on February 23, 2023. Photo credit: Twitter/@FinMinIndia
Union Finance Minister Nirmala Sitharaman earlier met US Finance Minister Janet L Yellen on Thursday. G20 Finance Ministers and Central Bank Governors (FMCBG) meeting G20 scheduled here on February 24 and 25 under the Indian presidency.
The two leaders discussed the priorities of the G20 finance track under the G20 India’s chairmanship in 2023.
The finance ministry said, “Both leaders discussed #MDB (Multilateral Development Bank), #Global Debt risks, #CryptoAssets, and #health besides Just Energy Transition Partnership #JETP and their views on possible actions for both sides.” Discussed the look.” In a tweet
It said both sides agreed that lessons learned from the COVID-19 pandemic should not be lost sight of and the need to enhance preparedness for future pandemic shocks.
Earlier, Ms. Seetha Raman called on Italy’s Minister of Economy and Finance Gian Carlo Giorgetti ahead of the meeting.
According to the Finance Ministry, the Italian Finance Minister has extended his full support to India’s successful G20 presidency in 2023.
“FM said that under the leadership of PM Shri @narendramodi, India hosted the voice of #GlobalSouthSummit and India will present the perspective of #GlobalSouth. South,” he said in a tweet.
During the G20 in India, Yellen will join allies in holding Russia accountable for its illegal invasion of Ukraine, and the spillover effects of the war, the US Treasury Department said in a statement earlier this week. will partner with countries to reduce
This includes communication and coordination on macroeconomic policy among the world’s largest economies, the U.S. and other countries that have increased Putin’s battle to address global food insecurity, as well as Russia’s. This includes reducing the effects of non-provocations. It said the increase in global energy prices, including through price caps on exports of Russian oil and refined products.
Ms. Yellen will also discuss the resilience of the U.S. and global economy, including Russia’s illegal invasion of Ukraine, and highlight key priorities for the Treasury during the G20.
This includes work to increase support and ambition to meet global emissions reductions, building urgency and a broad coalition behind the need to develop multilateral development banks, the statement added. and includes stressing the importance of providing a common framework for providing debt relief.
