India to push big for multilateral reforms of WTO, IMF as G20 Chair

Focus will also be on climate justice, green financing

As India readies to take over the presidency of G20, one of the key agenda items it will push for will be reforms in institutions like the World Bank and International Monetary Fund (IMF) to make them more attuned to the needs and aspirations of developing economies, Business Standard has learnt.

Long-pending reforms in multilateral institutions is something that India, as chair, would like to see a solution to, sources say. The belief here, and in almost all developing economies, is that there is under-representation of the ‘global south’ nations from Asia, Africa and Latin America, and a bias towards