IMF on India’s G20 agenda: The International Monetary Fund (IMF) said that it “fully supports” the G20 agenda of India, which goals to make use of the present global crisis to search out consensus on points that want rapid consideration.
The assertion by the worldwide monetary physique got here after India formally assumed the G20 Presidency on Thursday, December 1.
Speaking to the media, Ceyla Pazarbasioglu, Director of the Strategy and Policy Review division on the IMF, mentioned India is placing collectively a collective agenda for a much more prosperous future.
“India plans to make use of the continued global crises as a possibility to hunt consensus on points that actually require pressing consideration,” she mentioned, referring to the meals and vitality crises as a result of ongoing Russia-Ukraine battle.
‘India is prioritising the necessity to work on the native degree’
The theme of India’s G20 presidency is “One Earth, One Family, One Future. “This means that India is prioritising the need to set aside differences and work at the local level, the federal level, the international level,” remarked the IMF official.
Pazarbasioglu additional mentioned India has additionally introduced its set of priorities that are necessary for the global group along with persevering with with the G20 agenda.
“There are continuing efforts, be it on the debt side, be it on the tax side and other priorities. At the same time, India has also identified its own initiatives that they want to showcase,” she added.
At the conclusion of the two-day G-20 summit in Bali final month, India was given the presidency of the influential bloc. Notably, India shall be internet hosting the subsequent G20 Leaders’ Summit on September 9-10, 2023, in New Delhi.
About G20
The G20 or Group of 20 is an intergovernmental discussion board of the world’s main developed and creating economies. It contains Australia, Argentina, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US and the European Union (EU).
Together, they comprise two-thirds of the world’s inhabitants, 75% of worldwide commerce, and more than 80% of the world’s Gross Domestic Product.
(With inputs from PTI)
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