Business Other News 27 Mar 2017 Varanasi to host G20 ...

Varanasi to host G20’s FWG meet

DECCAN CHRONICLE.
Published Mar 27, 2017, 2:29 am IST
Updated Mar 27, 2017, 7:04 am IST
Top officials from IMF, World Bank, OECD and the ADB are also expected to be present during the meeting.
Prime Minister Narendra Modi  (Photo: PTI)
 Prime Minister Narendra Modi (Photo: PTI)

New Delhi: Varanasi, spiritual hub of India and Prime Minister Narendra Modi’s constituency, is going to host G20 working group meeting to deliberate on current global economic situation.

The working group will deliberate for two days from Tuesday on the policy options that countries can pursue to counter the important development challenges on the ghats of Varanasi.

 

The G-20 Framework Working Group (FWG) is one of the core working groups of G-20. The mandate of FWG is to deliberate on the challenges facing the global economy and the policy options that countries can use to address these challenges.

India along with Canada has been co-chairing this group. One important focus of this meeting will be to deliberate on the inclusive growth agenda of G-20 and to formulate a framework that will enable countries to help frame country specific inclusive growth policies.

Top officials from IMF, World Bank, OECD and the ADB are also expected to be present during the meeting.

Hosting of G20 meeting at Varanasi indicates that the Modi government want to bring the city on the global map.

The third G-20 FWG meeting under the G-20 German Presidency is being co-hosted by economic affairs department and RBI. The first two G 20 FWG meetings under the G-20 German Presidency have already been held at Berlin in December 16 and at Riyadh in February 17. This would be the fourth occasion that India is hosting FWG meeting.

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