3rd G20 FMCBG Meeting under India’s Presidency

Current Context: It was a very important event for the global economy and development, the meeting was jointly chaired by Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman, and Governor, Reserve Bank of India, Shri Shaktikanta Das.

• The meeting was organized in five thematic sessions covering Global Economy and Global Health, Sustainable Finance and Infrastructure, International Financial Architecture, International Taxation, and Financial Sector & Financial Inclusion.
• The meeting discussed the key deliverables of the Finance Track under the Indian G20 Presidency for 2023 and received wide support on all the agenda items.
• Some of the key deliverables included a report on strengthening Multilateral Development Banks (MDBs), a roadmap for implementation of recommendations on MDBs’ capital adequacy frameworks, a report on macroeconomic risks stemming from climate change and transition pathways, and a guidance note for developing a globally coordinated framework for the regulation and supervision of crypto-assets.
• The meeting also endorsed the G20 Action Plan on COVID-19 Response and Recovery.

Question:

Q.1 Who co-chaired the 3rd G20 FMCBG meeting under the Indian Presidency?
a. Smt. Nirmala Sitharaman and Shri Narendra Modi
b. Shri Shaktikanta Das and Shri Ajay Seth
c. Shri Ajay Seth and Dr Michael
d. Smt. Nirmala Sitharaman and Shri Shaktikanta Das