Roadmap of India’s G20 Presidency : It is widely felt that in times when there is a crisis of multilateralism, India has the responsibility for bringing stability to a deeply divided multipolar world and crafting broader global responses to the challenges.

New Delhi (ABC Live): India’s G20 Presidency has reached to its 3^rd month and till date 21 meetings have been organized and currently two are under process including G20 Foreign Ministers Meeting.

S.No.	Name of Meeting	Type of Meeting	Date	Venue
1	1st Sherpa meeting	Sherpa Track	04th - 07th December, 2022	Udaipur
2.	1st Development Working Group Meeting	Sherpa Track	3th - 16th December, 2022	Mumbai
3.	1st Finance & Central Bank Deputies Meeting	Finance Track	3th - 15th December, 2022	Bengaluru
4.	1st Framework Working Group Meeting	Finance Track	16th - 17th December, 2022	Bengaluru
5.	1st Framework Working Group Meeting	Finance Track	16th - 17th December, 2022	Bengaluru
6.	1st Joint Finance and Health Task Force Meeting	Finance Track	20th December, 2022	Virtual
7.	1st Meeting for the Global Partnership for Financial Inclusion	Finance Track	09th - 11th January, 2023	Kolkata
8.	1st Infrastructure Working Group Meeting	Finance Track	16th - 17th January, 2023	Pune
9.	1st Health Working Group Meeting	Sherpa Track	18th - 20th January, 2023	Thiruvananthapuram
10.	1st International Financial Architecture Working Group Meeting	Finance Track	30th - 31st January, 2023	Chandigarh
11.	1st Education Working Group Meeting	Sherpa Track	31st - 02nd February, 2023	Chennai
12.	1st Employment Working Group Meeting	Sherpa Track	02nd - 05th February, 2023	Jodhpur
13.	1st Sustainable Finance Working Group Meeting	Finance Track	02nd - 04th February, 2023	Guwahati
14.	1st Energy Transitions Working Group Meeting	Sherpa Track	05th - 07th February, 2023	Bengaluru
15.	1st Tourism Working Group Meeting	Sherpa Track	07th - 09th February, 2023	Rann of Kutch
16.	1st Environment and Climate Working Group Meeting	Sherpa Track	09th - 11th February, 2023	Bengaluru
17.	1st Agriculture Working Group Meeting	Sherpa Track	13th - 15th February, 2023	Indore
18.	1st DEWG - Seminar on Digital inclusion & Excursion	Sherpa Track	13th - 15th February, 2023	Lucknow
20.	1st FMCBG and 2nd FCBD Meeting	Finance Track	22nd - 25th February, 2023	Bengaluru
21.	1st Culture Working Group Meeting	Sherpa Track	23rd - 25th February, 2023	Khajuraho
22.	1st Anti-Corruption Working Group Meeting	Sherpa Track	01st - 04th March, 2023	Gurugram
23.	G20 Foreign Ministers Meeting	Ministers Meeting	01st - 02nd March, 2023	New Delhi

                                                                                                                                                      Source: www.G20.org  

The ABC Research team is keeping close watch on all meetings organized under India’s G20 Presidency and will published a detailed research report on India’s G20 Presidency.

The ABC Research team refers a paper titled paper G20@2023 – The Roadmap to Indian Presidency highlights India’s contribution to G20 and strengthening multilateralism prepared by V. Srinivas, IAS  for our readers enabling them understanding India’s prospects at G20 during its Presidency.

The paper written by V. Srinivas, IAS concludes as under;

The G20 Indian Presidency would be one of the most significant milestone moments of Indian democracy.

It is widely felt that in times when there is a crisis of multilateralism, India has the responsibility for bringing stability to a deeply divided multipolar world and crafting broader global responses to the challenges.

The agenda for the Indian Presidency can be drawn from the communiques of the Riyadh, Rome and Bali summits.

The IMF has said that the following Instruments of financing remain relevant as debt challenges are pressing and the need for action continues to exist. The G20 Debt Service Suspension Initiative(DSSI) and the Catastrophe Containment and Relief Trust(CCRT) has lapsed end 2021, and G20 is yet to reach a consensus on their continuation.

The DSSI and the Common Framework are important instruments for debt relief, and efforts should be made to continue to operationalise them.

The Catastrophe Containment Relief Trust grants for debt service relief to be strengthened through a coordination approach for fund raising. However, the Trust has scarce resources after the sanctions of the 5th tranche and creditors are reluctant to extend the timelines.

The Resilience and Sustainability Trust which has commenced operations from May 1, 2022 needs to be continued as an important source of financing for middle income countries under debt stress.

The Fund’s existing instrument of Poverty Reduction and Growth Trust (PRGT) would continue to be relevant in the context of heavily indebted poor countries.

The WHO has said the following instruments would need to be pursued:

The Coronavirus continues to witness new waves and the ACT-Accelerator to ensure equitable distribution of health tools would continue to need world finance.

The Financial Intermediary Fund for pandemic prevention and response hosted by the World Bank to be truly inclusive and universally accessible.

From India’s perspective the focus would be on:

 IMF Quota and Governance as also that of other IFI’s.

The issues of climate financing, digital assets and capital flows which are likely to continue to feature in the G20 agenda.

There also exists an extraordinarily challenging macroeconomic environment. Nearly 60 percent of the Low-Income Countries are facing an unbearable debt burden. It is likely that the G20 will come together to establish new rules and timelines for the common framework.

The G20 must continue to fight the crisis of climate change and send clear signals to decarbonize the economy.

Lastly, G20 must do everything in its power to keep inflation in range, to protect the living standards for vulnerable people.

Let me conclude by quoting Prime Minister Modi on India’s G20 Presidency: “The G20 is a unique opportunity to showcase to the world that India is not just confined to Delhi, but includes every State and Union Territory.”

Over 190 meetings have been planned under the G20@2023 Indian Presidency. It is a challenging and exciting policy endeavour.

For reading complete paper written by V. Srinivas, IAS click here

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