Page 7 - G20

G20 virtual summit on November 22 will remain a stocktaking exercise

This will be the first time leaders from the G20 nations will gather twice during the year to assess the progress made since the main meeting

India's G20 presidency gave clear policy direction: FM Nirmala Sitharaman

The Finance Minister said that the current pace of global growth remains quite weak, well below the 3.8 per cent average in the two decades before the pandemic

Food should not become instrument in war, says FM Nirmala Sitharaman

The finance minister urged countries across the world to consider regional balance in sourcing their food supplies, especially staple, and essential products

MDBs should work to increase private financing by $500 bn by 2030: Experts

Multilateral Development Banks (MDBs) should work systematically with the private sector to increase private financing by an additional USD 500 billion by 2030, a G20 expert group has said in a report. The independent expert group on multilateral development banks set up under India G20 Presidency, called for a better, bolder, and bigger MDB system to provide long-term finance to meet physical and social infrastructure needs globally. The second volume of the report 'The Triple Agenda' said the MDBs should work together better as a system. MDBs include the World Bank, Inter-American Development Bank, Asian Development Bank, the African Development Bank, and the European Bank for Reconstruction and Development. The report also suggested that MDBs agree to be held accountable, individually and collectively, on a range of Key Performance Indicators (KPIs) to match the expanded mandate. MDBs should share diagnostic tools, mutually recognise each other's standards and set up shared ...

Best of BS Opinion: Olympian ideals, land leasing needs a sound law & more

Here is the best of Business Standard's opinion pieces for today

Work in progress

Multilateral bank reforms will need more effort

G20 finance ministers and central bank governors adopt crypto road map

Briefing reporters in Marrakesh, Finance Minister Nirmala Sitharaman said the roadmap on crypto assets is the big step forward that came from the FMCBG discussion

MDBs need to shift to informed risk-taking, says G20 group report

Singh said that MDBs have to make their own assessment and putting additional money is not untouchability

World Bank needs headroom to help low-income countries, says G20

Addressing a press conference, Finance Minister Nirmala Sitharaman said the members appreciated the work of the Independent Expert Group (IEG) and welcomed the report

Crypto wrap: Israel-Hamas war ignites sell-off, Ethereum lowest since March

Cryptocurrency news: A higher-than-expected US inflation in September also resulted in a sell-off pressure in the market

Discussion on development goals impossible without peace: Inter-Parl Union

His concerns assume relevance amid a new war that started last weekend between Israel and Hamas, with already conflict stretching for over 19-20 months between Russia and Ukraine

Sharp rise in companies' climate-related risk disclosure: G20 report

A new report from a G20 advisory body highlights significant growth in companies' disclosure of climate-related risks and opportunities between 2020 and 2022. The report, based on Task Force on Climate-related Financial Disclosures (TCFD) recommendations, reveals a 26 per cent increase in companies disclosing their climate-related risks and opportunities, while oversight by company boards in this regard rose by 25 per cent. The Task Force assessed the current state and evolution of climate-related financial disclosures using artificial intelligence technology. It reviewed reports of more than 1,350 public companies over a three-year period fiscal years 2020, 2021 and 2022. Climate-related metrics disclosure led the way with over 70 per cent of companies disclosing the metrics they use. Reporting on greenhouse gas emissions and climate-related targets also showed considerable progress (both at 66 per cent), with a 24 per cent increase in companies reporting on their climate-related

FM Sitharaman meets Brazil's minister, discusses issues of mutual interest

The minister met with Brazil's economy minister Haddad Fernando on the sidelines of the fourth G20 Finance Ministers and Central Bank Governors meeting

PM Modi to inaugurate 9th Parliamentary Speakers' Summit in Delhi on Oct 13

According to the statement, the summit is being hosted at Yashobhoomi by the Parliament of India under the broader framework of India's G20 Presidency

The essentials of G20's corridor initiative

From trade to diplomacy, there is much to commend in the India-Middle East-Europe Corridor

India's election-year challenge

Fiscal consolidation must take precedence in the upcoming Budget, even if it's an interim one

G20 a glimpse of what future of India-UK ties can be: Rishi Sunak

Recalling his recent India visit for the G20 summit, Sunak said it was a special one, given the strong ties between the two countries

High on G20 bonhomie, India readies 4th summit with African Union

First held in New Delhi in 2008, the second and third summits were held in the Ethiopian capital of Addis Ababa in 2011 and New Delhi in 2015

ADB unlocks $100 bn funding capacity with capital management reforms

The reforms, carried out through an update of ADB's Capital Adequacy Framework (CAF), would expand the bank's annual new commitments capacity to more than $36 billion

A new great game is afoot: India-China rivalry to lead Global South

Leadership of the developing world could well become a defining characteristic of the 21st century