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
Before the first, Union Finance Minister Nirmala Sitharaman on Thursday told US Treasury Secretary Janet L. met yellen G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting The G20 to be held here on February 24 and 25 under the Indian chairmanship.
The two leaders exchanged views on the G20 Finance track priorities under the G20 India Presidency in 2023.
The Finance Ministry said, “The two leaders shared their perspectives on strengthening the #MDB (Multilateral Development Bank), #GlobalDebt vulnerability, #CryptoAssets, and #health, as well as the Just Energy Transition Partnership #JETP and possible takeaways for both sides.” discussed.” in a tweet.
It added that both sides agreed that the lessons learned from the COVID-19 pandemic should not be ignored and there is a need to enhance preparedness for future pandemic-like shocks.
Earlier, Ms Sitharaman met Italian Economy and Finance Minister Giancarlo Giorgetti ahead of the meeting.
According to the Finance Ministry, Italy’s Finance Minister extended his full support for a successful G20 India Presidency in 2023.
“The FM said that under the leadership of PM Shri @narendramodi, India hosted the voice of the #GlobalSouthSummit and India will put forth the vision of the #GlobalSouth. Shri Giorgetti indicated that Italy will continue to be a bridge between the Global North and the Global North. South,” it said in a tweet.
At the G20 in India, the US Treasury Department said in a statement earlier this week that Yellen would join allies in holding Russia accountable for its illegal invasion of Ukraine, and with countries to mitigate the effects of the war. Will share
In this, through communication and coordination on macroeconomic policy among the world’s largest economies, the US and other countries build on the steps taken to address global food insecurity, which along with Putin’s war on Russia has been increased by reducing the unintended effect of It said the invasion helped drive higher global energy prices through price caps on Russian oil and refined product exports.
Ms. Yellen will also discuss the US and global economy’s resilience to adversity, including Russia’s illegal invasion of Ukraine, and highlight key priorities for the Treasury during the G20.
This includes fostering greater support and ambition for meeting global emissions reductions, the urgency behind the need to develop multilateral development banks, and building a broad coalition and building on a common framework for providing debt relief, the statement said. Underscoring the importance of delivering