G20 should help reshape multilateral development banks like IMF, World Bank: America

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G20 should help reshape multilateral development banks like IMF, World Bank: America

America has high hopes from the G20.

New Delhi:

The US wants the G20 countries to help reshape and develop multilateral development banks such as the International Monetary Fund and the World Bank. A top White House official gave this information. White House National Security Council Coordinator for Strategic Communications John Kirby said that during President Joe Biden’s visit to India, the US will make it clear that it is committed to the G20, a global problem-solving coalition of all the world’s major economies. An important platform to bring together

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US President Biden will arrive in New Delhi on Friday to attend the G-20 Summit. “Our main goal going into the G20 is to help reshape and develop multilateral development banks like the World Bank and the IMF,” Kirby told foreign reporters here.

“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 major ongoing efforts to develop these institutions so that they are ready for future challenges.

G20 includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States and European countries. Sangh (Group of 27) is

G20 member countries represent about 85 percent of global GDP, more than 75 percent of global trade and nearly two-thirds of the global population.

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