The G20 Summit, which has begun in New Delhi, has seen several meetings, discussions, collaborations among member countries, including African Union being made the permanent member of the group.
Here are the panellists of working groups, which have held several key meetings and discussions on issues related to global risks, infrastructure investment, sustainable finance and global financial safety net.
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1. Framework Working Group
The Framework Working Group is co-chaired by India and the UK, which discusses global macroeconomic issues of current relevance, monitoring of global risks and uncertainties, and possible areas of policy co-ordination to promote Strong, Sustainable, Balanced, and Inclusive Growth (SSBIG) across the G20.
Adviser: V Anantha Nageswaran, Chief Economic Adviser, worked as an author, teacher, consultant, and taught financial markets and international economics at several business schools and institutes. He worked for the Union Bank of Switzerland and for Credit Suisse between 1994 and 2004 and then joined Bank Julius Baer & Co. Ltd in Singapore in 2006 as the Head of Research (Asia). He helped co-found the Takshashila Institution, an independent centre for research and education in public policy.
2. Global Partnership for Financial Inclusion (GPFI)
This is co-chaired by Italy and Russia to improve financial system infrastructure, pursue policies for harnessing emerging technology, facilitating remittance flows, and reducing the cost of remittance transfers, financial literacy and consumer protection, digital financial literacy and bridging the digital divide among others.
Adviser: Chanchal Chand Sarkar, Economic Adviser and GPFI lead, G20, Dept. of Economic Affairs, worked as India’s Director at the SAARC Secretariat, Kathmandu and looked after all Finance, Trade and Economy related issues. He has worked at various capacities in the commerce and finance ministries. He has written and published several articles on international Trade. Under his leadership in the last 9-10 months, GPFI Working Group has made significant progress and produced the G20 Policy Recommendations for advancing financial inclusion and productivity gains through Digital Public Infrastructure.
3. Infrastructure Working Group (IWG)
The working group co-chaired by Brazil and Australia, deliberates on infrastructure investment including developing infrastructure as an asset class, promoting quality infrastructure investment, infratech, identifying innovative tool to mobilise resources for infrastructure investment.
Adviser: Solomon Arokiaraj is the Joint Secretary, IPP &G-20, Dept. of Economic Affairs. Before this, he was the Secretary to Chief Minister, Andhra Pradesh. He also held various other portfolios like Secretary, Dept. of Industries and Commerce (Andhra Pradesh), Project Director, AP Municipal Development Project, and CEO, Society for Elimination of Rural Poverty.
4. Sustainable Finance Working Group
This new group, established in 2021 under Italy’s G20 Presidency, is co-chaired by the US and China. It deliberates on how to help focus the attention on G20, international organisations and other stakeholders on key sustainable finance agenda, and form consensus on key actions to be taken.
Adviser 1: Geetu Joshi heads the Sustainable Finance Working Group of the G-20 finance track. She is also dealing with the policy matters pertaining to SAARC, ASEAN, and member-states of CIS, among others, in the Department of Economic Affairs. She is an Indian Economic Service Officer of 1996 batch. She has played a key role in implementing policies on trade and commerce, power sector and education and other areas of economic interests in her career of two decades.
Advisor 2: Chandni Raina, Adviser, CR, Dept. of Economic Affairs
5. International Financial Architecture
The working group co-chaired by South Korea and France deals with issues related to international financial architecture such as global financial safety net, development finance, managing debt vulnerabilities, capital flow management and promoting local currency bond markets.
Advisor: Anu P. Mathai, IER, Dept. of Economic Affairs
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