G20 discusses ways to strength global financial safety at Goa meet

A key G20 working group on finance on Tuesday deliberated on strengthening international financial safety and managing global debt vulnerabilities with participants at a meeting here also emphasizing on making collaborative efforts for building a more stable and resilient global economy.

The two-day meeting of the third G20 International Finance Architecture Working Group (IFAWG), co-chaired by South Korea and France, began near Panaji in Goa with more than 100 delegates from member countries and various international organisations taking part in the gathering.

India currently holds the presidency of Group of 20 (G20), which is an intergovernmental forum of the world's major developed and developing economies, and has been holding meetings of various working groups in states and Union territories. A senior official said the third IFA Working Group had an exciting start as leaders discussed vital topics like strengthening global financial safety net. Issues like the International