A greater leveraging of capital for multilateral development banks (MDBs), common norms for crypto, financial inclusion action plan, and climate transition involving pricing and non-pricing tools are going to feature as the key discussion points in the upcoming G20 Leaders’ Summit starting September 9, sources said.
Out of total 27 deliverables under India’s G20 finance track agenda, 10 have been endorsed and the other 17 have been welcomed by G20 delegations, sources said. Differences over food and energy insecurity issues, especially opposition from Russia, however, are still the sticking points, with the Indian presidency willing to consider inclusion of the opposing view in joint declaration text instead of a footnote, a source said. Meanwhile, there is also opposition from China on any debt package having “climate resilient” features under the discussions to address debt issues of lower-income and vulnerable middle-income countries.
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