(Video) Rajya Sabha TV (RSTV) The Big Picture: G20 Talks on Economic Crisis

Topic: G20 Talks on Economic Crisis

Guest:

Jayant Dasgupta, (Former Ambassador, WTO)
Swaran Singh, (Chairperson, Centre for International Politics, JNU)
Jitendra Nath Misra, (Former Ambassador)

Topic Description:

G20 finance ministers and central bankers held talks on Saturday aimed at spurring global economic recovery from a coronavirus-triggered recession amid growing calls to widen debt relief for crisis-hit poor countries. The dignitaries pledged to “use all available policy tools to safeguard people’s lives, jobs and incomes” as the coronavirus pandemic continues to wreak havoc on the global economy. The grouping however failed to reach an agreement on the possibility of allocating fresh special drawing rights to member countries or reallocating SDRs from rich members to countries facing a liquidity crisis because of the covid-19 pandemic.