Centre To Hold G-20 International Financial Architecture WGM In Chandigarh On 30 Jan

The first international financial architecture working group meeting of G-20 under the chairmanship of India will be held in Chandigarh on 30-31 January 2023. 

The international financial architecture working group is one of the important working groups under the G-20 finance track, which focuses on strengthening the international financial architecture. 

It will also aim to address various challenges faced by vulnerable countries. Around 100 delegates from G-20 member nations, invited countries and international organizations will participate in the two-day meeting. 

Discussions during the two-day meeting will be jointly moderated by the Ministry of Finance and the Reserve Bank of India, as well as by the co-chairs of the International Financial Architecture Working Group, France and South Korea.

The meeting will discuss ways to enhance the stability and cohesion of the international financial architecture and how to make it capable of addressing the global challenges of the 21st century. 

The meeting will also focus on finding ways to maximize aid to poor and vulnerable countries. 

On the sidelines of the G-20 Working Group meeting on January 30, a G-20 event titled 'Central Bank Digital Currencies (CBDCs): Opportunities and Challenges' will also be held. 

The objective of the event is to share country experiences and develop a deeper understanding of the wider implications of CBDCs. 

Prior to this meeting, a number of events have been organised across the city in Chandigarh, indicating widespread 'people's participation' and interest in the G-20 events under India's chairmanship.

During India's G-20 Presidency, this working group will meet further in March, June and September to continue discussions on the priorities set under India’s presidency.