India to push for norms on digital public infra, crypto
India will attempt to push for substantive outcomes at the G20 on a global framework for crypto assets, multilateral development bank reforms, debt resolution, and digital public infrastructure. A synthesis paper with a summary of the International Monetary Fund report on macro-economic stability and the Financial Stability Board's report on regulation for crypto assets along with New Delhi's input note would be presented to the leaders for deliberation at their summit in September, people privy to the matter said.
The two-day G20 finance ministers and central bank governors meeting beginning here Monday will seek to push for significant outcomes on key priorities for India's presidency. New Delhi will also push for a solution to debt-related issues faced by multiple countries that is in line with the challenges they face.China has expressed reservations on the draft statement and it is expected to be discussed over the next two days, they said.
Beijing has also expressed reservations about commitments on climate change finance. The report of the panel set up by the G20, under the chairmanship of leading economist NK Singh and former US treasury secretary Larry Summers, to suggest a reforms blueprint for multilateral development banks (MDBs), will be presented at the meeting.
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