G20 Summit: Indian G20 presidency has walked the talk, says Finance Minister Nirmala Sitharaman

After the G20 leaders adopted the New Delhi declaration, Finance Minister Nirmala Sitharaman said that the Indian Presidency has walked the talk.

While addressing the press, she mentioned that the push for policy clarity on crypto assets gained momentum. Now, global financial leaders and bankers would meet in October to discuss the roadmap for cryptocurrency. The G20 leaders have also agreed to the Financial Stability Board's recommendations for regulation, supervision and oversight of crypto-assets, activities.

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She also mentioned that the roadmap estimates for Capital Adequacy Framework (CAF) and the measures would yield $200 billion over the next decade.

Further she added that Digital Public Infrastructure has also been integrated into the G20 Financial Inclusion Action Plan.

Regarding the debt restructuring for countries like Zambia, Ghana and Ethiopia, she said that a good progress has been achieved and that the outcomes are a testament to multilateralism.

“Since India took over the G20 presidency good progress has been made in the ongoing debt restructuring of Zambia, Ghana, and Ethiopia…. The outcomes of the Indian presidency are a testament to multilateralism”, Finance Minister Nirmala Sitharaman said.