IMF Managing Director Kristalina Georgieva on Thursday said India is moving from a position of “strength” to lead the G20 countries and will leave its mark on the world in the years to come.
India will assume the presidency of the G20 for one year from December 1, 2022. Under its chairmanship, India The G20 is expected to host over 200 meetings across the country. The G20 Leaders’ Summit at the level of Heads of State/Government is scheduled to be held in New Delhi on 9 and 10 September 2023.
Speaking to reporters here on the sidelines of the annual meeting of the International Monetary Fund and World The Bank, Georgieva said, “India deserves to be called a bright spot on this otherwise dark horizon as it has been a fast growing economy even during these difficult times, but most importantly, this growth is based on structural reforms. “
“From digital ID to providing all services and support based on digital access, structural reforms in digitization in India are key to the remarkable success,” he said. “It has really been a big factor for India’s success,” she said.
And so, the country is now moving from a position of strength to move on to the G20, which leads me to firmly believe that we will see India in the next year (G20), in the years to come under Georgieva’s presidency. Will leave a mark on the world. Told.
“And what could that mark be and in what areas,” he asked. “It could be the area of digitization including digital money. We know we need regulation of crypto, we know we need to focus some more on cross-border payments. We are proposing public investment in cross-border payments platform infrastructure,” she said.
This could be in the area of bringing more fairness to our institutions. Next year we have to complete the 16th quarter review. He said that India has been a very strong voice for being economically strong and becoming a strong institution based on the due representation of our members.
It can be in renewable energy. What is not so famous, you know that India has really taken a leap in terms of solar and other forms of renewable energy. Therefore, I am very looking forward to next year and I am sure it will make the people of India, of whom about 1.4 billion people feel very proud, said the Managing Director of the IMF.
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