IMF States That It Fully Supports India's G20 Agenda

According to a senior International Monetary Fund (IMF) official, the IMF "fully supports" India's G20 agenda, which aims to take advantage of the current global crises to seek consensus on issues that need immediate attention.

On Thursday, India formally took over as G20 Presidency.

Prior to her visit to China and India the next week, Ceyla Pazarbasioglu, Director of the Strategy and Policy Review department at the International Monetary Fund (IMF), told a group of reporters, "They (India) are putting together a collective agenda for a much more prosperous future,"

She stated on Thursday that "They (India) plan to use the ongoing (global) crises as an opportunity to seek consensus on issues that really require urgent attention," Pazarbasioglu apparently made reference to the continuing food and energy crises brought on by the conflict between Russia and Ukraine.

According to her, the IMF "fully supports" India's G20 agenda. "One Earth, One Family, One Future" is the theme of India's G20 presidency. The IMF representative said, "This means that India is prioritising the need to set aside differences and work at the local level, the federal level, the international level,"

She stated that during the negotiations for the G20 declaration in Bali, Indonesia, and India were key players.

"As you know, we haven't been able to have a declaration or a communique in the past two ministerial meetings, they were chair summaries. I will not go into details on how many hours those took. But so this was a major achievement, which included very strong language, that most members condemned the war in Ukraine," She responded.

The G20's Bali Declaration from last month noted that members had different opinions on the conflict in Russia and Ukraine but emphasized the need of protecting international law, which includes the protection of people caught up in conflicts.

The group's members made it clear that they supported "peaceful resolution of conflicts." and opposed the use or threat of nuclear weapons. The declaration reiterated the statement made by Prime Minister Modi during his  bilateral meeting  with Russian President Vladimir Putin on the margins of the SCO summit in September, " "Today's era must not be of war,"