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G20 Framework Working Group Convenes in Raipur: Charting the Global Economic Path

The fourth and final meeting of the G20 Framework Working Group (FWG) is poised to take place in the vibrant city of Raipur, Chhattisgarh, under the Indian G20 Presidency. This crucial gathering, scheduled for September 18-19, 2023, will be chaired by Ms. Chandni Raina, Adviser, Ministry of Finance, Government of India, & Chief Economic Adviser, HM Treasury, UK, Ms. Sam Beckett. The meeting is set to bring together more than 65 delegates from G20 member nations and invitee countries, as well as representatives from various international and regional organizations.

The Role of the FWG

The G20 Framework Working Group serves as a platform for in-depth discussions on the prevailing global economic outlook and the formulation of policy guidance on critical macroeconomic issues. The group plays a pivotal role in shaping economic policies and strategies that can have far-reaching implications on the global stage.

Under the 2023 Indian Presidency, the FWG has successfully concluded its deliverables, which are referenced in the New Delhi Leaders Declaration. Notable among these deliverables are the G20 Report on Macroeconomic Impacts of Food and Energy Insecurity and the G20 Report on Macroeconomic Risks Stemming from Climate Change and Transition Pathways. These reports highlight the G20’s commitment to addressing pressing economic challenges and promoting sustainable practices.

Looking Forward

The upcoming meeting in Raipur will serve as a platform for taking stock of the discussions and achievements of the FWG in 2023. It will also provide an opportunity to chart out future areas of work and cooperation among G20 members, ensuring continued progress in addressing global economic challenges.

Jan Bhagidari Events and Cultural Exchange

In addition to the formal proceedings, the Reserve Bank of India will host a series of Jan Bhagidari events on the sidelines of the meeting. These events include panel discussions on digital banking and financial inclusion, financial literacy programs, a G20 awareness program, a painting contest, and a slogan-writing contest. These activities underscore the importance of public participation in shaping financial policies and raising awareness about global economic issues.

Delegates will also have the opportunity to explore the rich cultural heritage of Chhattisgarh. Visits to the Nandanvan Zoological Garden, featuring a Jungle Safari and a Zoological Park, are scheduled. Additionally, a dedicated Rescue and Rehabilitation Centre will showcase India’s conservation efforts.

The delegates will be treated to a memorable ‘Ratri Bhoj Par Samvad’ (Conversation over Dinner) and a cultural event that will immerse them in the unique cuisine and cultural richness of Chhattisgarh.

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