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G20 Development Working Group (DWG)

G20 Development Working Group (DWG):

The 4-day meeting of G20 Development Working Group (DWG) will begin on December 13, 2022 in Mumbai under the India’s Presidency.

  • The Development Working Group meetings aims to discuss developmental issues in Developing Countries, Least Developed Countries and Island Countries.
  • Its a platform for G-20 member countries to come together and prioritize multilateralism, share solutions that promote growth, remap development plans and achieve the Sustainable Development Goal’s targets.
  • In these meetings, sessions on Data For Development, Role of G-20 in Advancing the 2030 Agenda, Infusing New LiFE into Green Development and Accelerating Progress on the Sustainable Development Goals are organised.
  • The first G20 Finance and Central Bank Deputies (FCBD) meeting will begin on December 12, 2022 in Bengaluru.
  • This meeting, which will mark the start of discussions on the Finance Track agenda under the Indian G20 Presidency, will be hosted jointly by the Ministry of Finance and the Reserve Bank of India.
  • The discussions during the 3-day meeting will focus on the agenda for the Finance Track under the Indian G20 Presidency.
  • This includes reorienting international financial institutions to meet the shared global challenges of the 21st century, financing cities of tomorrow, managing global debt vulnerabilities, advancing financial inclusion and productivity gains, financing for climate action and SDGs.