February 3, 2023 8:29 PM

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First G20 SFWG Summit concludes in Guwahati

<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The 1st Sustainable Financial Working Group (SFWG) meeting was attended in person by 95 delegates from G20 member countries, 10 invitee countries and 14 international organisations like IMF, World Bank, UNDP among others. Many other international organisations joined the meeting virtually.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">Addressing media persons after the conclusion of the two day long 1st SFWG meeting, Solomon Arokiaraj, Joint Secretary, Ministry of Finance said this G20 SFWG in Guwahati discussed 3 priority areas i.e. Mechanisms for mobilisation of timely and adequate resources for climate finance, enabling finance for the Sustainable Development Goals and Capacity building of the ecosystem for financing toward sustainable development.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">Mr. Arokiarai said that the SFWG in 2023 will develop an analytical framework for financing select SDGs to complement the G20 Sustainable Finance Roadmap and will make recommendations to the stakeholders. Additionally, SFWG would also compile a compendium of case studies of best practices on financing for SDGs by jurisdictions, international organisations and private sector, as an outcome of a side event. SFWG aims to mobilise sustainable finance to help ensure global growth and stability and promote the transition towards greener, more resilient, and inclusive societies and economies, .</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The SFWG will develop a G20 Sustainable Finance Technical Assistance Action Plan (TAAP) and it would include identification and analysis of existing capacity-building activities and identifying the existing sustainable finance skill gaps. The SFWG would give recommendations on how to scale up capacity-building services and explore ways to form a global network for sustainable finance capacity building.</span></p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">The meeting was inaugurated by Shri Sarbananda Sonowal, Minister of AYUSH and Minister of Ports, Shipping and Waterways yesterday. A phenomenal display of rich culture and heritage of Assam was organised for the delegates in Brahmaputra sandbar island. There were various cultural performances like Folk Bihu Dance, Sattriya dance, Tiwa dance, Mising bihu dance, Tal jhomok, Hajong dance, Gayan Bayan, Bodo dance, Rabha dance and  Jhumur dance. The cultural performances were enhanced by using traditional musical instruments like Doba, Sankha, Bor Dhol, and Mridanga. Delegates also experienced the culture of Assam through the Ethnic village constructed in the sandbar island.</span></p>

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