Finance Ministers and Central Bank Governors of G-20 nations third conference

G20 finance ministers and central bank chiefs of the Third Conference of the -2015

Ques: G20 Finance Ministers and Central Bank Governors convened for the third time in which of the following country?

a. Brisbane, Australia
b. Ankara, Turkey
c. London, England
d. New York, USA

Ans: b

Related facts:

  • G-20 Finance Ministers and Central Bank Governors’ Meeting was on 4th and 5th September 2015 in Ankara, Turkey.
  • The Finance Minister of India and RBI Governor Dr. Raghuram Rajan attended the conference to represent India.
  • The main purpose of these meetings was to review ongoing global economic developments, growth prospects, investment and infrastructure, international financial architecture and international tax issues among others.
  • Also Sri Arun Jaitley and Labor Minister Sri Bandaru Dattatreya attended the joint meeting of “The Finance and Labor Minister”.
  • G20 Ministers and Governors exchanged views on the recent global economic developments, challenges and collective measures to address them.
  • It is notable that the Finance Minister on September 4, also attended the first meeting of ‘Brick Contingent Reserve arrangement (CRA)’.
  • CRA has been conceived as an additional safety net by the BRICS nations to meet the short-term liquidity needs that may arise in face of volatile capital flows. The total corpus of CRA is USD 100 bn.

Reference:

https://g20.org/wp-content/uploads/2015/06/Fact-Sheet-G20-Turkey-2015_.pdf
https://g20.org/the-third-g20-finance-ministers-and-central-bank-governors-meeting-under-the-turkish-presidency-concluded-in-ankara/
https://g20.org/wp-content/uploads/2015/09/September-FMCBG-Communique.pdf
http://www.cbr.ru/eng/press/pr.aspx?file=04092015_185039eng2015-09-04T18_46_05.htm
http://pib.nic.in/newsite/hindirelease.aspx?relid=39748