Question: The virtual meeting of the G20 Finance Ministers and Central Bank Governors took place on April 15, 2020 under the presidency of?
(a) India
(b) China
(c) Saudi Arabia
(d) Thailand
Answer: (c)
Related facts:
- The 2nd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting took place on April 15, 2020 under the presidency of Saudi Arabia.
- Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman participated in the virtual session of meeting to discuss the global economic outlook amid evolving COVID-19 pandemic.
- Main highlights of the meeting:
- Finance Minister focused upon the role of Finance Ministers and Central Bank Governors in safeguarding the lives and livelihood of people while maintaining macroeconomic stability in a sustainable manner.
- The measures taken by the Government of India to provide the vulnerable sections with swift, timely and targeted assistance during the pandemic was shared with G20 counterparts
- The monetary policy measures undertaken by the government have helped de-freeze the market and catalyse credit flows like liquidity shoulder support of USD 50 billion, regulatory and supervisory measures for credit easing etc.
- An Action Plan is prepared by G20 members on the directions of G20 Leaders to protect lives, safeguard people’s jobs and incomes, restore confidence, preserve financial stability, coordinate on public health and financial measures and minimise disruption to global supply chain.
Author: Himanshu Shukla
Links:
https://www.pib.gov.in/PressReleasePage.aspx?PRID=1614845