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India wants G20 focus on climate finance, startups | India News


NEW DELHI: The government is looking to put climate finance, disaster risk reduction and entrepreneurship at the top of the G20 agenda as India kicks off the presidency of the group of richest nations in the world. introduced on Thursday, to showcase its achievements and deliver solutions around digital payments and e-services to position them as digital public goods.
Disaster risk management and startups are on the agenda for the first time, according to details accessed by TOI.
The Government wishes to secure a global dialogue on building disaster and climate change infrastructure. It also wants to secure a global dialogue on early warning mechanisms for certain types of disasters affecting life in coastal areas.
Given the need to advance the climate agenda, the Modi administration will also seek to address issues around finance, an area where developed countries have failed to keep their word and propel the economy. cyclic.
In the face of geopolitical tensions at a time when the global economy is just recovering from the pandemic, India will also try to convince countries that account for nearly 85% of global GDP to resolve issues around the impact of the pandemic. spillover of interest rate increases in advanced economies to the global economy. Emerging Markets. Besides, the Ministry of Finance is keen for G20 members to work together to create a set of rules for dealing with cryptocurrencies.
Sources said India will also seek to build consensus on issues around debt sustainability and reform multilateral systems to reflect the new reality.
“India’s G20 presidency comes at an opportune time, not only for India but also for the world. With the world facing the climate crisis, the Covid crisis, the subsequent disruption in global supply chains, and the debt crisis, the geopolitical crisis, the food and energy crisis that followed has made economies are in turmoil, especially developing economies.
“The G20 Forum is an effective platform to drive change at the global level. This will be crucial for the world to overcome today’s diverse crises. This is the time for collective action. and there is no better country than India to promote consensus and action, this is an opportunity for India to assert itself as the voice of the Southern Hemisphere, as a bridge between developing countries and developing countries. developing country.
Sherpa Amitabh Kant of India told TOI: “The G20 presidency will reaffirm global confidence in India as a responsible power, with inclusiveness and action at the heart of the programme. G20 agenda, making it a catalyst for global change.”

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