The G20, which is essentially a financial forum, has taken a collective action on issues like crypto assets, global debt, and the need for reform in the Bretton Woods Institutions — the International Monetary Forum and the World Bank — Finance Minister Nirmala Sitharaman said in an exclusive interview with NDTV.
India managed to have a consensus on all the issues, she said, adding that she is “very satisfied” with the Delhi Declaration.
The finance track has substantial contribution to make in the G20, the minister said, and India’s presidency, in a well-thought-out fashion, guided by Prime Minister Narendra Modi, has said multilateral institutions require reform, Ms Sitharaman said.
On issues like regulating crypto assets, the minister said it’s no good if countries make “isolatory attempts”.
“We require collective action, and needed pithy discussions,” she said.
Calling PM Modi as the voice of the global south in the forum, Ms Sitharaman said middle income countries are suffering debt, and we can’t have institutions like World Bank and IMF but the issue not addressed.