New Delhi, Nov 21: The Group of 20 nations (G-20), commencing a meeting here tomorrow under the chairmanship of Finance Minister Jaswant Singh, will discuss financial sector reforms, globalisation, combating financing of terrorism and
development and aid.
Briefing reporters, Finance Secretary S Narayan said the issue of economic slowdown and the financial crisis in some of the nations would be taken up in detail at the secretaries meeting tomorrow, which would prepare the ground for the
ministerial meeting on Saturday.
"Over the two days, the meeting will discuss issues
crucial for international financial stability such as crisis
prevention and resolution, globalisation, combating financing
of terrorism, development and aid flows," he said.
Countries like India and China could take up the issues
related to growth while other nations could address the issues
of fiscal deficit, Narayan said.
He said it will be for the first time a developing nation
like India will host the meeting of finance ministers and
Central Bank governors of 20 leading developed and developing
nations.
Besides india, the meeting would be attended by top
finance officials of European Union, US, UK, Canada, France, Italy, Germany, Japan, Russia, Australia, Saudi Arabia, China, Turkey, Indonesia, South Africa, Brazil, Argentina, Mexico, Korea, World Bank and International Monetary Fund.
G-20, formed in 1999, would bring together economic policy makers from countries representing over 85 per cent of the world GDP and over 60 per cent of global population.
Bureau Report
