IMF: G20 will progress in debt relief, crypto and climate sector under the chairmanship of India, said Geeta Gopinath

Posted on 15th Dec 2022 06:47 pm by rohit kumar

Gita Gopinath, First Deputy Managing Director of the International Monetary Fund, said that under India's presidency, the G-20 can make concrete progress in three important areas, including debt relief, cryptocurrency regulations and climate finance.

 

Gopinath is currently in India to participate in the consultations held as part of the G-20. He gave details about the three areas in a video posted on Twitter. He said, "We have a large number of low-income countries that are in debt crisis. While we have the G-20 general framework to assist with debt resolution. We certainly have room to improve the strength of the mechanism and The debt resolution target is an opportunity to strive for timely achievement."

 

Highlighting the recent crypto meltdown, he said it is clear that internationally agreed standards for regulations have become necessary. Hopefully in 2023 we will be able to achieve progress in this direction.

 

On raising finance to combat climate change, Gopinath said, “In order for developing countries to adapt to climate change and contribute to reducing climate pollution, a lot of financing will be needed. This is the third area in which Substantial progress can be made during India's presidency of the G20."

 

Also Read: Industry: Worst performance of Indian industry, industrial production down to 26-month low

Other news

Champions Trophy 2025: Chaos erupts over not hoisting Indian flag in Pakistan stadium, fans angry

A controversy has surfaced even before the start of the ICC Champions Trophy 2025. In the video g

Delhi Water Crisis: A big relief from the Supreme Court on the Delhi water crisis, orders given to Himachal Pradesh to release 127 cusecs of water

On Thursday, the Supreme Court has given a big decision on the petition filed regarding Delhi's w

Vehicles floating on the roads of Delhi, waterlogging in MPs' residences; Monsoon rains have disrupted life in many states.

The monsoon that reached Delhi after soaking many states has made a strong impact. The first and

IPL 2025 Mega Auction: 639 crores spent on 182 players in the mega auction, Pant was the most expensive, a 13-year-old player also became a millionaire

The mega auction of IPL 2025 is over. It was organized in Jeddah, Saudi Arabia. Rs 639.15 crore w

Ramadan 2023: Exhibition of rare manuscripts of handwritten Quran started at Srinagar SPS Museum

The Shri Pratap Singh Museum in Srinagar on Thursday launched an exhibition of rare manuscripts o

Pahalgam Attack: All-party meeting on Pahalgam terror attack today, Attari border closed; bodies of the dead are being sent home.

The central government will hold an all-party meeting on Thursday on the terrorist attack in Paha

Ayodhya News: The first team of SSF reached Ayodhya for the security of Ramjanmabhoomi, 280 soldiers were included in three companies.

The first team of the Special Security Force (SSF) has reached Ayodhya for the security of Shri R

UPPSC UP PCS Prelims Result 2023 Out: UPPSC PCS preliminary exam result released, 4047 qualified

UPPSC PCS Prelims Result 2023 Out: Uttar Pradesh Public Service Commission (UPPSC) soon declared

Haryana Election: The exam is over... now wait for one day; anything can happen in the 30 seats where the contest is tough

After the voting on 90 seats of Haryana was over, the countdown started for the formation of a ne

IND vs ENG: For the first time since 1993, Indian bowlers did this big feat, England's batting order was embarrassed in Lucknow

The magic of Indian bowlers was at its peak against England in the ICC World Cup 2023. While Jasp