G20's reform blueprint from Gandhinagar

The outcomes achieved on various work streams at the Finance Ministers and Central Bank Governors' meeting reflect the perspectives of both developing and developed nations

The third meeting of the G20 Finance Ministers and Central Bank Governors (FMCBGs) concluded in Gandhinagar on July 17-18. This meeting marked a significant milestone in addressing key global financial issues, building upon the agenda set during the first meeting under the Indian Presidency in February 2023. The Outcome Document and Chair’s Summary released after this meeting showcase the substantial progress achieved and policy guidance provided on crucial global matters.

Multilateral development banks (MDBs) face increasing demands from donor and borrowing countries to expand their lending operations beyond their core developmental mandates and include transboundary challenges such as climate change