The meeting of the G20 International Financial Architecture Working Group will be held in Chandigarh.
The first International Financial Architecture Working Group meeting of G-20 under the chairmanship of India will be held in Chandigarh on 30-31 January 2023.
The meeting will be inaugurated by Union Agriculture and Farmers Welfare Minister Shri Narendra Singh Tomar and Food Processing Industries Minister Shri Pashupati Kumar Paras.
It also aims to address the many challenges faced by vulnerable countries.
Around 100 delegates from the G20 membership, invited countries and international organizations will reach Chandigarh to participate in the two-day meeting.
The meeting will also discuss ways to enhance the stability and cohesion of the international financial architecture and how to make it fit to address the global challenges of the 21st century. The meeting will also focus on finding ways to maximize aid to poor and vulnerable countries.
A G20 side event titled ‘Central Bank Digital Currencies (CBDCs): Opportunities and Challenges’ on 30 January 2023 will also be organized during this meeting. The objective of the event is to share country experiences and develop a deeper understanding of the wider prudential implications of CBDCs.