Finance Minister Nirmala Sitharaman on Wednesday participated in the G20 Finance Ministers and Central Financial institution Governors Assembly, the place she mentioned the worldwide financial outlook and response to the COVID-19 disaster. “Finance Minister Smt. @nsitharaman participated in the G20 Finance Ministers and Central Financial institution Governors Assembly at the moment to debate the worldwide financial outlook and response to COVID-19 disaster together with different G20 Finance Observe points for 2020,” mentioned the Ministry of Finance in a Twitter put up.
In the course of the assembly, Sitharaman mentioned that India, as a co-chair of the G20 Framework Working Group, had ensured that the commitments of G20 Motion Plan for COVID-19 have been up to date to maintain it efficient because the disaster evolves. “India as co-chair of the G20 Framework Working Group has ensured that the commitments in G20 Motion Plan in response to COVID19 are up to date to maintain it related and efficient because the disaster evolves,” tweeted Ministry of Finance.
“Smt @nsitharaman joined G20 Finance Ministers and CB Governors in agreeing to increase the G20 Debt Service Suspension Initiative (DSSI) for a interval of 6 months until June 2021,” mentioned the Ministry of Finance in one other tweet. Sitharaman additional mentioned that worldwide coverage coordination on sovereign debt restructuring ought to be targeted on serving to low-income international locations to beat the monetary stress brought on by the pandemic.
“Smt. @nsitharaman said that worldwide coverage coordination on sovereign debt restructuring ought to primarily be guided by the target of serving to low earnings international locations to beat the fiscal stress brought on by COVID19 pandemic,” mentioned Ministry of Finance. Extra G20 conferences are anticipated to happen in preparation for the 2020 G20 Leaders’ Summit, which will probably be held from November 21 to 22.
This 12 months’s G20 leaders summit beneath the theme of “Realising alternatives of the twenty first century for all” will probably be held in a web based format amid the coronavirus pandemic, the G20 Saudi Secretariat mentioned in a press release. The summit will probably be chaired by Saudi Arabian King Salman bin Abdulaziz Al Saud. (ANI)