Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman has participated virtually in the Second G20 Finance Ministers and Central Bank Governors (FMCBG) meeting. This meeting held under the Italian Presidency to discuss policy responses to global challenges to restore strong, sustainable, balanced and inclusive growth.
About the meeting:
- The G20 Finance Ministers and Central Bank Governors discussed Updates of the G20 Action Plan in response to COVID-19.
- They also discussed supporting the financing needs of the most vulnerable economies, the progress on the international taxation agenda, promoting greener transitions and the pandemic related financial regulation issues.
- Smt. Sitharaman urged all G20 members to ensure equitable access and widespread distribution of vaccines.
- Smt. Sitharaman reflected on the global growth projections and underlined the need for continued coordination amidst the persistence of uncertainties associated with the virus.
- The Finance Minister said that the G20 Action Plan has served as a good guidance tool and shaping recovery is the mainstay of its current update.