The Ministry of Finance and the Reserve Bank of India jointly hosted the three-day gathering, with discussions on the "Finance Track" agenda under India's G20 Presidency. Day 1 saw different sessions on global economy, international financial architecture, infrastructure and sustainable fina
Pierre said, "We look forward to supporting India's G 20. presidency next year and on a range of issues including addressing current food and energy security challenges while continuing our efforts to build a resilient global economy."
India's G-20 presidency comes at a crucial time when the world is in the process of a geopolitical shift amid the Russia-Ukraine war and a troubled global economy inching toward recession. India will be presiding over the G20 for the first time since its inception.
This was launched to accelerate investment in quality infrastructure in low- and middle-income countries around the world and strengthen the global economy.
"PM @narendramodi, President @jokowi and @POTUS @JoeBiden meet on #G20Indonesia margins. Working with Leaders to shape the priorities and development agenda for the global economy," the Ministry of External Affairs tweeted on Tuesday.
Guterres said ASEAN countries are well placed to bridge this divide, stressing that "we must have one global economy and global market with access for all."
Moody's Investors Service said in a report said global growth would slow in 2023 and remain sluggish in 2024. Still, a period of relative stability could emerge by 2024 if governments and central banks manage to navigate their economies through the current challenges.
New Delhi [India], November 11 (ANI/NewsVoir): Payoneer (NASDAQ:PAYO), an eCommerce technology company powering payments and growth for the new global economy, announced the sixth edition of its flagship event 'Payoneer India Forum'.
As the global economy is moving towards recession, African countries, where China has leveraged lopsided loans for geopolitical gain, are in debt distress and need alternatives fast.
Beijing [China], October 9 (ANI): Across much of the developing world, China finds itself in an uncomfortable position as the world's debt collector amid rising inflation and a weakening global economy.