G20 meet: Infra to sustainable finance, global headwinds take centre stage

The global commodity price and supply-chain shock due to the war in Europe, the macroeconomic outlook for 2023, and the financing of sustainable infrastructure were some of the main points discussed on Day 1 of the meeting of the Finance and Central Bank Deputies (FCBD) of the Group of Twenty (G20) in Bengaluru on Tuesday.

This is the first meeting of the Finance Track of G20 under India’s Presidentship and is expected to set the agenda for the meeting of the G20 finance ministers and central bank governors, scheduled to be held in Bengaluru as well, in February.

The three-day FCBD meeting will see discussions on the global macroeconomic situation, international financial architecture, sustainable infrastructure and its financing, international taxation, and financial inclusion, the finance ministry tweeted.

The ministry and the Reserve Bank of India (RBI) are jointly co-hosting the FCBD meeting.

Heading the meeting are Economic Affairs Secretary Ajay Seth and RBI…