The fourth and final meeting of the G20 Framework Working Group (FWG), under the Indian G20 Presidency, concluded successfully in Raipur, Chhattisgarh. Co-chaired by India and the UK, the two-day meeting from September 18 to 19, 2023, was led by Ms. Chandni Raina, Adviser, Ministry of Finance, Government of India, and Ms. Sam Beckett, Chief Economic Adviser, HM Treasury, UK. Approximately 65 delegates from G20 member countries, invitee countries, and international and regional organizations participated. This meeting marked the culmination of the FWG’s work during India’s G20 Presidency and provided an opportunity to reflect on its substantial progress in 2023 and explore options for its continuation.
During this year, the group successfully delivered two G20 reports referenced in the New Delhi Leaders Declaration: 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. Members recognized the need to continue the global conversation on assessing the macroeconomic consequences linked to these global challenges while exploring policy options to address them effectively. The meeting also featured in-depth deliberations on the global economic outlook and key risks based on presentations by international organizations. Discussions were also held on the initial findings of the draft G20/IMF Strong Sustainable, Balanced, and Inclusive Growth Report, based on an update provided by the IMF.
The Reserve Bank of India organized several Jan Bhagidari events to make G20 discussions more inclusive and human-centric. These events aimed at the general public, students, and self-help organizations, including financial literacy programs, a G20 awareness program, a painting contest, a slogan-writing contest, and a quiz competition. Delegates had the opportunity to enjoy an excursion to Nandanvan Zoological Garden, which includes a Jungle Safari, a Zoological Park, a Rescue and Rehabilitation Centre, and other attractions, including the Khandwa Reservoir, which draws a large number of migratory birds and showcases the lush landscapes of Chhattisgarh.
Delegates were hosted for ‘Ratri Bhoj Par Samvad’ (Conversation over Dinner) and a cultural event that allowed them to experience the rich cultural heritage and delicious cuisine of Chhattisgarh. In line with the Indian Presidency’s theme of “One Earth, One Family, One Future,” the group agreed to work together to enhance international cooperation in addressing macroeconomic challenges and building a more resilient and prosperous global economy for the benefit of all.