NEW DELHI, Mar 26:
Prime Minister Narendra Modi’s high-profile Lok Sabha constituency Varanasi will this week hold a two-day G-20 working group meeting where participants will weigh in on evolving global economic scenarios, with inclusive growth on top of the agenda.
The Framework Working Group (FWG) is one of the core groups of the G-20, which is a group of 19 nations and the European Union that deliberates on global economic issues and other key developmental challenges.
“In the forthcoming meeting in Varanasi, the G-20 FWG will discuss the current global economic situation as well as deliberate on the policy options that countries can pursue to counter the important development challenges,” the Finance Ministry said in a statement.
One important focus, it said, will be the inclusive growth agenda and formulating a framework that will enable countries to frame country-specific policies.
The third meeting under the G-20 German presidency is being co-hosted by the Department of Economic Affairs, Finance Ministry, and the Reserve Bank of India (RBI) in Varanasi on March 28-29.
The first two under the German presidency were held in Berlin in December 2016 and Riyadh in February 2017.
The mandate is to deliberate on the challenges facing the global economy and the policy options that countries can use to address the same. India, along with Canada, has been co-chairing this group.
Since the inception of the FWG in 2009, this is the fourth occasion India is hosting this meeting.
Previously, India had hosted the G-20 FWG meetings in Neemrana, Rajasthan (2012 with Mexico at the helm), Goa (in 2014 under Australian presidency) and Kerala (2015 under Turkish leadership). (PTI)
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