March 20, 2023 4:55 PM

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Second G20 SFWG meeting set to take place at Udaipur in Rajasthan from March 21-23

<span style="color: #222222;">The Second G20 Sustainable Finance Working Group (SFWG) meeting under India's G20 Presidency is set to take place in Udaipur, Rajasthan from Tuesday.<br />''<br />''During the three-day  meeting over 90 delegates from various countries who are members of the G20 as well as those who have been invited by the Indian Presidency along with International Organizations will engage in detailed deliberations on the agreed upon work plan and priority areas for 2023.<br />''<br />''Sustainable Finance Working Group meeting is expected to take forward the discussions and revisit the key takeaways from previous meetings with respect to the three identified priority areas like 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.<br />''<br />''On the side-lines of the meeting, two workshops have been planned on 21st and 22nd march. The first one will be on G20 Workshop on Non-Pricing Policy Levers to support Sustainable Investment and the second one will be on G20 on Enabling finance for the Sustainable Development Goals. These workshops are expected to facilitate technical level exchange of ideas, experiences, and know-how from experts for detailed discussions and insights on relevant topics.<br />''<br />''The  Workshop on Non-Pricing Policy Levers to support Sustainable Investment  will focus on better understanding the effectiveness of non-pricing policy levers in enabling low carbon development with due consideration for national circumstances and nationally defined development priorities. On the other hand, the G20 Workshop on Enabling finance for the Sustainable Development Goals will focus on to build a better understanding among G20 members and strengthen policy and other recommendations towards enhanced financing for SDGs.<br />''<br />''This is the first time for the SFWG to go beyond climate related issues and engage in dialogue for enabling enhanced financing for select SDGs primarily through nature-related data and reporting and social impact investing.</span>

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