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G20 Leaders discuss MDB reforms, crypto regulation

The G20 leaders on Wednesday reviewed the progress on the decisions taken by them in September, including pledges to enhance the financing capability of multilateral development banks (MDBs), climate financing and global crypto regulation template, finance minister Nirmala Sitharaman said. The virtual summit was the culmination of the Indian Presidency in 2023 during which G20 leaders met physically in New Delhi on September 9-10 and agreed upon 205 outcomes. Timely and adequate mobilization of climate finance has also remained high on agenda during the Indian Presidency. The G20 leaders also called for swift implementation of the comprehensive policy framework to deal with risk associated with crypto assets.

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