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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.…
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Most G20 Nations Condemn Russia for War, China Silent
By Aftab Ahmed, Shivangi Acharya and Sarita Chaganti Singh BENGALURU, India (Reuters) – Finance chiefs of the world’s largest economies strongly condemned Moscow for its war on Ukraine on Saturday, with only China and Russia itself declining to sign a joint statement. India, which as chair of the Group of Twenty (G20) economies was hosting a meeting in the city of Bengaluru, was reluctant to raise the issue of the war but Western nations insisted they could not back any outcome that did not include a condemnation. The lack of consensus among G20 members meant India resorted to issuing a “chair’s summary and outcome document” in which it simply summed…
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Tensions around Ukraine invasion flare at G-20 finance meetings in India
BENGALURU, India (AP) — Tensions over Russia’s war on Ukraine flared Friday at meetings of financial chiefs of the Group of 20 leading economies, where geopolitics affected the atmosphere if not the agenda of the gathering in the Indian technology hub of Bengaluru. U.S. Treasury Secretary Janet Yellen condemned the “illegal and unjustified war against Ukraine” at a session attended by Russian officials and reiterated calls for G-20 nations to do more to support Ukraine and hinder Moscow’s war effort. “I urge the Russian officials here at the G-20 to understand that their continued work for the Kremlin makes them complicit in Putin’s atrocities,” Yellen said. “They bear responsibility for…
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U.S. to Push Debt Relief, Ukraine Aid at G20 Finance Meeting in India
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen will journey to India subsequent week for G20 finance meetings that will target on unblocking distressed-nation financial debt restructuring, boosting assist for Ukraine and reforming multilateral enhancement banks. Yellen will be a part of fellow G20 finance ministers and central financial institution governors in Bengaluru on Feb. 23-25, spanning the very first anniversary of Russia’s invasion of Ukraine. A senior Treasury formal advised reporters on Friday that Yellen would acquire each possibility to criticize Russia’s steps and to function with allies to attempt to mitigate spillovers that the conflict has brought about, such as addressing food items insecurity and high energy rates. Yellen…
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