G20 under India can make concrete progress in debt relief, crypto, climate finance: Gita Gopinath
The Hindu
Ms. Gopinath, who is in India to participate in deliberations held as part of G-20, said that internationally agreed standards of regulations had become necessary after the recent crypto meltdown
G-20, under India’s presidency, can make concrete progress on three critical areas: debt relief, regulations of crypto currency and climate finance, International Monetary Fund’s First Deputy Managing Director Gita Gopinath said.
Ms. Gopinath, who is in India to participate in deliberations held as part of G-20, explained the three areas in a video posted on Twitter.
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“We have a large number of low-income countries that are in debt distress. While we have the G-20 common framework to help with debt resolution, we absolutely need to improve the strength of the mechanism and to get much more timely resolution,” she said.
Throwing light on the recent crypto meltdown, she said it was clear that internationally agreed standards of regulations had become necessary.
“Progress on that front being able to accomplish that in 2023 would be a concrete outcome,” she said.
On climate finance, Ms. Gopinath said, “To have developing countries adapt to climate change, to contribute to climate mitigation, they will need much higher financing. And that's a third area where concrete progress can be made.”
With increased terminal entry points (eGates) at Mumbai International airport from 24 to 68, which is the highest number of e-gates at kerbside or landside in the country, the expansion will enhance the airport’s processing capacity to an astounding 7,440 passengers per hour at Terminal 2 (T2) and 2,160 at T1