TMI BlogG20 Finance Ministers and Central Bank Governors (FMCBGs) adopt Communiqué at fourth and final G20 FMCBG meeting in Marrakech, MoroccoX X X X Extracts X X X X X X X X Extracts X X X X ..... G20 Finance Ministers and Central Bank Governors (FMCBGs) adopt Communiqué at fourth and final G20 FMCBG meeting in Marrakech, Morocco - News and Press Release Dated:- 13-10-2023 - News - G20 FMCBG Communiqu welcomes Report of G20 Independent Expert Group on Strengthening MDBs FMCBGs also adopt G20 Roadmap on crypto assets The fourth and final meeting of the G20 Finance Ministers and Ce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntral Bank Governors (FMCBGs) under the Indian Presidency is taking place on 12-13 October 2023 at Marrakech, Morocco, on the sidelines of the International Monetary Fund-World Bank Annual Meetings. In this meeting, the G20 FMCBGs unanimously adopted the G20 Finance Ministers and Central Bank Governors Communiqu . The FMCBG Communiqu draws guidance from the G20 New Delhi Leaders Declara ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion (NDLD) and benefited significantly from the consensus that was reached at the Leaders Summit. The FMCBG Communiqu has welcomed the Report of the G20 Independent Expert Group on Strengthening MDBs. FMCBGs have noted the need for transformative changes required in MDBs vision, operating models and financing capacities. The three building blocks that the FMCBGs have urged for consideration ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are private capital mobilisation, strengthening their financial capacity including implementation of capital adequacy framework recommendations and capital increase, and urging MDBs to work together as a system. Going forward, they have called for continued work on the recommendations of the Report for building better, bigger and more effective MDBs. The FMCBGs also adopted the G20 Roadma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... p on crypto assets. This detailed and action-oriented roadmap will help coordinate global policy as well as develop mitigating strategies and regulations on crypto assets while also taking into consideration the specific implications on Emerging Markets and Developing Economies (EMDEs). Apart from these outcomes, the Communiqu reflects the outcomes from the various G20 Finance Track workstream ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s that were completed post July FMCBG meeting and the G20 New Delhi Leaders Summit. The Communiqu also welcomed the upcoming Brazilian Presidency of the G20 and looked forward to continued work on enhancing global economic cooperation to achieve strong, sustainable, balanced and inclusive growth. The final G20 FMCBG Communiqu may be accessed through the following links: https://dea.go ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... v.in/sites/default/files/Final%20G20%20FMCBG%20October%202023%20Communique.pdf - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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