Modi urges G20 finance leaders to focus on most vulnerable

News Summary

  • The meetings in Bengaluru were due to touch on a wide range of issues including digital currencies and payments, reform of institutions like the World Bank, climate change and financial inclusion.
  • BENGALURU, India (AP) — Tensions over Russia’s war on Ukraine flared Friday at meetings of financial chiefs of the Group of 20 leading economies, where geopolitics affected the atmosphere if not the agenda of the gathering in the Indian technology hub of Bengaluru.
  • U.S. Treasury Secretary Janet Yellen condemned the “illegal and unjustified war against Ukraine” at a session attended by Russian officials and reiterated calls for G-20 nations to do more to support Ukraine and hinder Moscow’s war effort.
  • “You represent the leadership of global finance and economy at a time when the world is facing serious economic difficulties,” Modi said in a video address.
  • At the last major G-20 meeting, in Bali, Indonesia, G-20 leaders strongly condemned the war, warning that the conflict is intensifying fragilities in the world’s economy.
  • They finessed divisions among them given that the group includes Russia and also countries like China and India that have significant trade ties with Moscow and have stopped short of outright criticism of the war.
BENGALURU, India (AP) Policymakers of the Group of 20 leading economies should focus on helping the worlds most vulnerable people, Prime Minister Narendra Modi said Friday as toplevel financial talk [+2484 chars]