The third G20 FWG meeting is scheduled for June 13–14 in Kochi
On June 13 and 14, the third Framework Working Group (FWG) meeting of the G20 will be held in Kochi, the port city that holds the G20 presidency.
The meeting will be co-chaired by Tom Hemingway, Deputy Director, HM Treasury, United Kingdom, and Dr. V Anantha Nageswaran, Chief Economic Adviser, Ministry of Finance, Government of India, according to a G20 announcement.
The two-day gathering will include more than 75 participants from G20 member countries, invited states, and numerous international and regional organisations, it added.
According to the statement, the G20 FWG concentrates on current relevant worldwide macroeconomic challenges.
“As per the mandate received from G20 Finance Ministers and Central Bank Governors in February 2023, the group has been deliberating on the macroeconomic implications of food and energy insecurity, macroeconomic risks arising from climate change and transition policies, and other risks to the global economy such as inflation, financial globalisation, and financial stability,” the statement continued.
The International Monetary Fund (IMF) and World Bank will provide presentations at the next conference, which will be used as the basis for in-depth discussions on the current state of the world economy, according to the press release.
Draught G20 studies on the macroeconomic effects of food and energy shortages as well as the macroeconomic effects of climate change and transition routes will also be discussed by the membership, according to the statement.
The goal is to create a common knowledge of member nations’ policy experiences in addressing the macroeconomic effects of energy and food poverty, as well as climate change and transition routes.
They will also look at ways that international cooperation might assist nations’ efforts at home, the statement said.
On the fringes of this summit, a G20 panel discussion titled “Financial Globalisation: Opportunities and Risks” would be place, it was announced.
“Reputable panellists will be on the panel, which will be led by Prof. Eswar Prasad of Cornell University.
The panel discussion is intended to foster a shared understanding among G20 members of the dynamics of macroeconomic policy issues that nations are now confronting in the context of financial globalisation, according to the press release.
The Reserve Bank of India said it would organise a number of ‘Jan Bhagidari’ activities in the run-up to the summit to make the talks more inclusive and human-centered.
This comprises activities geared at the general public, students, and self-help groups, such as a series of financial literacy events, a G20 awareness programme, a painting competition, slogan writing, and a note exchange mela, among others.
Additionally, it said that activities have been organised to provide delegates a chance to take in Kochi’s alluring natural beauty and rich cultural legacy.
“Visits to the Dutch Palace, Paradesi Synagogue, and St. Francis Church are scheduled. The lively culture and mouthwatering food of Kerala will also be introduced to the delegates, it was said.
On March 24 and 25, 87 representatives from G20 member nations, invited guests, and international organisations attended the Second G20 FWG conference in Chennai.
