Crypto, global debt in focus at FM-Yellen meet

Bengaluru: Finance Minister Nirmala Sitharaman on Thursday held a bilateral meeting with US Treasury Secretary Janet Yellen and discussed issues relating to crypto assets, strengthening multilateral development banks and global debt vulnerabilities.

The deliberations were held on the sidelines of the first meeting of the G20 finance ministers and central bank governors here under the G20 India Presidency. The two leaders exchanged views on #G20 #FinanceTrack priorities under #G20India Presidency in 2023. The two leaders discussed their perspectives on strengthening #MDB, #GlobalDebt vulnerabilities, #CryptoAssets, and #health, besides the Just Energy Transition Partnership #JETP and possible takeaways for the two sides," the finance ministry tweeted.

Both sides agreed that lessons learnt from the Covid-19 pandemic should not be lost sight of, and there is a need for enhancing preparedness for future pandemic-type shocks, the ministry said.

The two leaders exchanged views on G20 Finance Track priorities under G20 India Presidency in 2023. It said both sides agreed that lessons learnt from the Covid-19 pandemic should not be lost sight of and there is a need for enhancing preparedness for future pandemic type shocks. Earlier, Sitharaman met Italian Minister of Economy and Finance Giancarlo Giorgetti ahead of the meet. According to the Ministry of Finance, the Italian Finance Minister extended his full support for a successful G20 India Presidency in 2023.