Nirmala Sitharaman’s Message to G20 Nations for Collective Action against Debt Distress of Countries

Nirmala Sitharaman’s Message to G20 Nations for Collective Action:-

The G20 Finance Ministers and Central Bank Governors (FMCBG) meeting based on the theme of “International financial architecture, sustainable finance, and infrastructure” is scheduled on the 12th and 13th of April, 2023. Before the meeting is held, India has got down to business in spearheading the spirit of the policies needed to be adopted by the G20 nations.

India’s Message to G20 Nations

The Indian Finance Minister Nirmala Sitharaman has expressed that India hopes that all the G20 nations will join hands in mitigating the debt distress of nations on a middle-income level. The Indian minister has suggested multilateral cooperation between flags even though there might be “one or two” points where countries may not have mutual consent.

The course of action suggested by India to achieve this feat is strengthening the position of global financial institutions such as the World Bank and the International Monetary Fund (IMF) and adding legitimate policies in their working structure related to poverty eradication from certain countries.

India Using The Golden Opportunity of the G20 Presidency

India, through its proactive role in promoting multilateral cooperation, is providing an example to the world that cooperative actions can be taken by a group of nations despite having minor differences under the presidency of the “Vishwa Guru."

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