A proud moment for the locals of Udaipur, Rajasthan and the Indian nationals. Udaipur recently hosted the second meeting of the G20 Sustainable Finance Working Group (SFWG) under G20 India Presidency. You might be amazed to know that the meeting had 93 delegates from G20 countries in attendance and focused on the role of sustainable finance in achieving the United Nations Sustainable Development Goals (SDGs).
If you are unaware, then let us brief you about the G20. The G20 is a group of 19 countries and the European Union, representing the World’s largest advanced and emerging economies. The Sustainable Finance Working Group (SFWG) was established in 2016 to promote the mobilisation towards sustainable investments.
In the year 2023, the Udaipur meeting was held from 21st March to 23rd March 2023 and where the senior officials have been invited by the Indian Presidency along with International Organisations to get engaged in detailed deliberations on the agreed upon workplan and priority areas for 2023.
The meeting focused on the role of sustainable finance in achieving the United Nations Sustainable Development Goals (SDGs). The SDGs are a set of 17 goals established by the United Nations General Assembly to end poverty, protect the planet, and ensure peace and prosperity for all.
The delegates discussed the importance of sustainable finance in achieving these goals, including the need for innovative financing mechanisms and the role of public-private partnerships. Also, there was discussion regarding the need for capacity building in developing countries to help them access sustainable finance.
The Udaipur meeting was a significant step towards promoting sustainable finance at the global level. The G20 countries account for a great part of the world’s GDP and have a crucial role to play in promoting sustainable investments. The meeting organised in Udaipur was a platform for sharing best practices and promoting international cooperation towards sustainable development. At the end we would like to conclude that Udaipur’s G20 meeting was a significant event that focused on the role of sustainable finance in achieving the United Nations Sustainable Development Goals. A successful meeting shared the best practices and promoting international cooperation towards sustainable development. As the G20 has a greater set of the world’s GDP, the result of this meeting could have a significant impact. Hope this summarised information about the G20 meeting hosted in Udaipur gave you all the key points.