Third meeting of G-20 framework working group to be held on Mar. 28-29

The third G-20 Framework Working Group (FWG) Meeting under the G-20 German Presidency is being co-hosted by Department of Economic Affairs, Ministry of Finance, Government of India and Reserve Bank of India (RBI) in Varanasi on March 28 and 29.

The first two G 20 FWG meetings under the G-20 German Presidency have already been held at Berlin in December 16 and at Riyadh in February 17.

Since the inception of the FWG in 2009, this is the fourth occasion that India is hosting this meeting.

Previously, India had hosted the G-20 FWG Meetings in Neemrana, Rajasthan (2012 under Mexican Presidency), in Goa (in 2014 under G-20 Australian Presidency) and in Kerala (2015 under G-20 Turkish Presidency).

 

In the forthcoming meeting in Varanasi, the G-20 FWG will discuss the current global economic situation as well as deliberate on the policy options that countries can pursue to counter the important development challenges.

One important focus of this meeting will be to deliberate on the inclusive growth agenda of G-20 and to formulate a framework that will enable countries to help frame country specific inclusive growth policies.

The G-20 is the group of 19 countries and European Union (EU) deliberating on global economic issues and other important development challenges.

G-20 Framework Working Group (FWG) is one of the core working groups of G-20.

The mandate of FWG is to deliberate on the challenges facing the global economy and the policy options that countries can use to address these challenges.

India along with Canada has been co-chairing this group.