Page 29 - NIS - English, 01-15 January 2023
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G20 under India's Leadership   Nation



                                                                The first meeting of Finance Track in Bengaluru
                                                              Finance track results will contribute to
                                                                  sustainable and inclusive growth


                                                                The  first  meeting  of  finance  and  central
                                                                bank deputies under the Finance Track took
                                                                place  in  Bengaluru  from December  13-15,
                                                                during  India's  G20  presidency.  Apart  from
                                                                discussing the challenges in the finance track
                                                                on  global  economic  issues,  the  delegates
                                                                discuss where the money will come from for
                                                                what is decided in the Sherpa track.
                                                                   G20  Presidency  is  very  important  to
                                                                India which is rapidly moving as the fastest-
                                                                growing economy in the world. The meeting
                                                                was jointly organized by the Finance
                                                                Ministry  and the  Reserve Bank of  India  in
                                                                Bengaluru,  home  to  the  tech  industry.    A
                                                                series of meetings of finance ministers
                                                                and governors of central banks have been
                                                                planned in Bengaluru in February for further
                                                                discussions.  Issues  such  as  financial
                                                                inclusion, health financing, and international
                                                                taxation will be part of the discussions.





        and cultural heritage on a big platform for the world,".  event. All countries had faith in India's leadership
           The opportunity to host the G20 summit is both    from  the  start  of  its  chairmanship.  Countries
        historic and hopeful. In support of India's G20      unanimously applauded the theme "One Earth, One
        presidency, the G7 leaders issued a statement.       Family, One Future," asserting that it would "reduce
        They stated that the G7 is committed to rebuilding   tensions  and  increase  trust  in  the  world."  Several
        a  peaceful,  prosperous,  and  sustainable  future.   types of roadmaps were prepared during the Sherpa
        Because India's focus is on common solutions for     conference. Technology change, green growth and
        a common future, it wishes to make the G20 public    lifestyles for the environment (LiFE), accelerated,
        by linking it to public participation. Prime Minister   inclusive, and resilient growth, multilateralism
        Narendra Modi has also stressed the importance of    and the 3 Fs (food, fuel, and fertiliser), women-led
        a whole-government and whole-society approach to     development, tourism, and culture were among the
        public participation in the all-party meeting as well   key topics discussed at the meeting.
        as meetings with state Chief Ministers, Governors,      The  delegates  reaching  the  Sherpa  track  were
        and Lieutenant Governors.                            warmly welcomed as per Rajasthani folk tradition,
        Sherpa Track held its first meeting in Udaipur for   dressed in local jackets and coats. To acquaint the
        four days                                            delegates with the glorious history of Rajasthani
        The Sherpa Track meeting took place in Udaipur,      Safa, the delegates were made to wear Safa while
        Rajasthan, from December 4 to 7. In the midst of     they also went to see  the  fort of Kumbhalgarh,
        difficult geopolitical conditions, Sherpas from the   where they also saw the world's second-largest wall
        invited countries and all G20 countries attended the   built in the fort after the 15th century. The guests


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