G-20, under India바카라s presidency, can make concrete progress on three critical areas: debt relief, regulations of crypto currency and climate finance, International Monetary Fund바카라s First Deputy Managing Director Gita Gopinath said.
Gopinath, who is in India to participate in deliberations held as part of G-20, explained the three areas in a video posted on Twitter.
바카라We have a large number of low-income countries that are in debt distress. While we have the G-20 common framework to help with debt resolution, we absolutely need to improve the strength of the mechanism and to get much more timely resolution,바카라 she said.
Throwing light on the recent crypto meltdown, she said it was clear that internationally agreed standards of regulations had become necessary.
바카라Progress on that front being able to accomplish that in 2023 would be a concrete outcome,바카라 she said.
On climate finance, Gopinath said, 바카라To have developing countries adapt to climate change, to contribute to climate mitigation, they will need much higher financing. And that's a third area where concrete progress can be made.바카라
