India will try attempt at G20 to produce significant results on a worldwide framework for cryptocurrency assets, reforms to multilateral development banks, debt relief, and digital public infrastructure.
People with knowledge of the situation said that a synthesis paper with a summary of the Financial Stability Board’s report on regulation of crypto assets and the International Monetary Fund report on macroeconomic stability, as well as New Delhi’s input note, would be presented to the leaders for discussion at their summit in September.
The G20 finance ministers and governors of the central banks will meet on Monday for a two-day summit with the goal of achieving considerable progress on the top priorities for India’s presidency.
New Delhi would also advocate for a resolution to the debt-related problems that several nations are experiencing that is in keeping with the difficulties they are facing. They claimed China has expressed concerns about the draft statement, which is anticipated to be addressed over the next two days. Beijing has expressed reservation regarding finance to combat climate change.
At the conference, the report of the G20 panel to recommend changes for multilateral development banks (MDBs), led by prominent economist NK Singh and former US Treasury secretary Larry Summers, will be presented.
