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Commonwealth finance ministers demand systemic changes to world financial architecture
Commonwealth finance ministers call for systemic reform of global financial architecture Finance ministers from various Commonwealth countries have called for a systemic reform of the global financial architecture to enhance access to development financing for vulnerable countries. Their collective call for reform came at the Commonwealth Finance Ministers High-Level Working Group Meeting in Washington D.C. on 14 April 2023. At the inaugural Commonwealth Finance Ministers High-Level Working Group Meeting held on the margins of the 2023 World Bank Group and International Monetary Fund (IMF) Spring Meetings, finance ministers discussed national fiscal policies, measures for financial sustainability, eligibility criteria for development finance and potential reforms required for a more equitable financial…
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IMF Managing Director Kristalina Georgieva Urges G20 Leadership to Strengthen the International Financial Architecture
IMF Managing Director Kristalina Georgieva Urges G20 Leadership to Strengthen the International Financial Architecture Bengaluru, India February 25, 2023 International Monetary Fund Managing Director Kristalina Georgieva made the following statement today at the first meeting of the G20 Finance Ministers and Central Bank Governors in Bengaluru, India: I would like to thank the Government of India for the generous hospitality and Minister of Finance Nirmala Sitharaman and Governor Shaktikanta Das for their inspirational leadership of the G20 meetings as we navigate together another challenging year.…
