Finance Minister Nirmala Sitharaman meets U.S. Treasury Secretary Janet Yellen ahead of the primary G20 meeting in Bengaluru on February 23, 2023
| Photo Credit: Twitter/@FinMinIndia
Union Finance Minister Nirmala Sitharaman on Thursday met U.S. Treasury Secretary Janet L. Yellen ahead of the First G20 Finance Ministers and Central Bank Governors (FMCBG) meeting underneath the G20 Indian Presidency scheduled on February 24 and 25 right here.
The two leaders exchanged views on G20 Finance Track priorities underneath G20 India Presidency in 2023.
“The two leaders discussed their perspectives on strengthening #MDB (Multilateral Development Banks), #GlobalDebt vulnerabilities, #CryptoAssets, and #health, besides the Just Energy Transition Partnership #JETP and possible takeaways for the two sides,” the Ministry of Finance mentioned in a tweet.
It mentioned each side agreed that classes learnt from the COVID-19 pandemic shouldn’t be misplaced sight of and there’s a want for enhancing preparedness for future pandemic sort shocks.
Earlier, Ms. Sitharaman met Italian Minister of Economy and Finance Giancarlo Giorgetti ahead of the meet.
According to the Ministry of Finance, the Italian Finance Minister prolonged his full assist for a profitable G20 India Presidency in 2023.
“FM said that under the leadership of PM Shri @narendramodi, India hosted the Voice of the #GlobalSouthSummit & India would put forth perspectives of the #GlobalSouth. Mr. Giorgetti indicated that Italy would continue to be a bridge between Global North and the Global South,” it mentioned in a tweet.
While on the G20 in India, Yellen will be a part of with allies in holding Russia accountable for its unlawful invasion of Ukraine, and accomplice with international locations to mitigate the spillover results of the struggle, the US Department of the Treasury mentioned in an announcement earlier this week.
That consists of by means of communication and coordination on macroeconomic coverage among the many world’s largest economies, constructing on the steps the US and different international locations have taken to deal with the worldwide meals insecurity that has been exacerbated by Putin’s struggle, in addition to by mitigating the influence of Russia’s unprovoked invasion in driving increased international vitality costs, together with by means of the value cap on Russian oil and refined product exports, it mentioned.   
Ms. Yellen may even talk about resilience of the U.S. and international economic system in the face of headwinds together with Russia’s unlawful invasion of Ukraine and spotlight key priorities for the Treasury through the G20.
That consists of work to galvanise better assist and ambition in meeting international emissions reductions, constructing urgency and a broad coalition behind the necessity to evolve multilateral growth banks, and underscoring the significance of delivering on the Common Framework to supply debt aid, the assertion added. 
