US wants G20 to help reshape multilateral development banks like IMF, World Bank
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During President Joe Biden’s visit to India, the US will make it clear that it is committed to the G20, an important forum that brings together all the world’s major economies for global problem-solving. US President Biden will reach New Delhi on Friday to participate in the G20 summit.
Washington. The US wants the G20 countries to help reshape and grow multilateral development banks such as the International Monetary Fund and the World Bank. A top White House official said this. White House National Security Council coordinator for strategic communications John Kirby said on Wednesday that during President Joe Biden’s visit to India, the US will make it clear that it is committed to the G20, which is a global forum for global problem-solving. It is an important forum to bring together major economies.
US President Biden will reach New Delhi on Friday to participate in the G20 summit. “One of our main goals going into the G20 is to help reshape and grow multilateral development banks like the IMF, like the World Bank,” Kirby told foreign reporters here on Wednesday.
“We know that these institutions are some of the most effective tools for mobilizing transparent and high-quality investments in developing countries. That is why the United States has supported ongoing major efforts to develop these institutions so that they are ready for the challenges of the future.” The G20 includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK, US and European Union (27 member group). G20 member states represent about 85 percent of global GDP, more than 75 percent of global trade, and nearly two-thirds of the global population.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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