Minister of Finance and Union Affairs Nirmala Sitharaman attended the virtual meeting of G20 finance ministers in New Delhi on Friday.
“Finance ministers from G20 countries met to discuss their views on the global economic outlook and downside risks in the wake of the COVID-19 crisis and how the G20 could take the global collective action initiated during the crisis, “read a press release from the Ministry of Finance.
The Minister of Finance underlined the need to redouble efforts on the part of G20 members to end the crisis and underlined the accessibility and accessibility of vaccines for all as a crucial step in this direction.
The press release read: “Sitharaman highlighted the G20 action plan as the pillar of the G20 economic response and shared that it is not only coordinating our immediate response, but also guiding our recovery efforts to long term.”
Highlighting the debt service suspension initiative as an important achievement under the Saudi G20 presidency, the Minister of Finance stressed the need for collective and coordinated efforts by all G20 members to achieve this result.
Ms. Sitharaman commended the Saudi presidency for its tireless efforts and outstanding leadership in leading the G20 agenda in response to the COVID-19 pandemic. The finance minister said India looks forward to working with the Italian presidency as a member of the Troika from December 2020.
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