The International Financial Architecture Working Group (IFAWG) is holding its third meeting in Goa this week. The meeting will focus on the voices of low-income and developing countries that are not part of the G20, with leaders from France and South Korea co-chairing. The discussions will revolve around addressing global debt vulnerabilities, strengthening banks to address challenges of the 21st century, and assessing the macro-financial implications of digital currencies. The discussions in the meeting are set to inform the Third G20 Finance Ministers and Central Bank Governors Meeting (FMCBG) which is scheduled for July 2023 in Gandhinagar, Gujarat. Plenary sessions in Goa will be followed by a high-level seminar titled ‘Towards Orderly Green Transition – Investment Requirements and Managing Risks to Capital Flows,’ in which a discussion on green capital flows and emerging markets will be held. Additionally, several ‘jan bhagidari’ events are taking place throughout Goa in the run up to the meeting, including financial literacy camps, awareness drives, coin mela, walkathon and more.
India’s Third IFAWG Meet in Goa Aims to Give Voice to Low Income Nations and Global South, Says Official
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