IMF Deputy MD Gita Gopinath praises India for successful G20 Presidency

G20 Summit Delhi 2023: After the G20 Summit concluded in Delhi on Sunday, Deputy Managing Director of the International Monetary Fund Gita Gopinath congratulated India on its successful G20 Presidency. Asserting that India gave prominence to issues that matter to developing countries, Gopinath listed, “First they brought the African Union in the G20 as a permanent member. Second, it pushed for reforms of the multilateral institutions to ensure climate finance is available.”

She went on to add that India also helped shape the global perspective on how policymakers should deal with crypto assets, while making progress in dealing with debt issues. Highlighting the strides India has taken in digital transformation, Gopinath also said that India’s leadership in the digital public infrastructure space has also been recognised.

Ajay Banga appreciates India

Earlier, World Bank President Ajay Banga also appreciated India’s G20 Presidency, complimenting the country for bringing out what he termed a “terrific” declaration. He lauded the fact that the G20 leadership found a way to discuss and negotiate on multiple aspects, ultimately finding a way to set the path for the future. 

New Delhi Leaders' Declaration adopted

During the G20 Summit, the leaders of the Group of 20 adopted the New Delhi Leaders’ Declaration that covered numerous aspects including regulation of crypto assets, green energy for the future, women empowerment and bridging the gender digital gap, advancing financial inclusion, and countering corruption, terrorism and money laundering among other aspects. 

India’s G20 Sherpa, in a press meet on Saturday, said that this declaration was the first-ever to be unanimously adopted by the member nations. The negotiations for the adoption of the Declaration were extensive, with Kant also sharing in a post on X that the most complex part of the G20 meetings was to bring consensus on the para on Ukraine, which took more than 200 hours of non-stop negotiations, 15 drafts as well as 300 bilateral meetings.