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Finance Minister Nirmala Sitharaman has said that there is an urgent need for coordinated action across countries to not only enable swift post-pandemic recovery but also to build resilience to future shocks as she attended the G20 Emerging Market Economies meeting here. Sitharaman shared her insights on the economic outlook, risks and near-term policy challenges for Emerging Market Economies (EMEs) such as food and energy security and tightening of global financial conditions, the Ministry of Finance said. The the G20 Emerging Market Economies meeting was organised by the IMF on the sidelines of the upcoming G20 Finance Ministers and Central Bank Governors meeting. The Finance Minister, discussing the future of work and debt vulnerabilities, said that there is an urgent need for coordinated action across countries to not only enable swift post-pandemic recovery but also to build resilience to future shocks. Union Finance Minister Smt. @nsitharaman & Shri @DasShaktikanta @RBI ...
President Joe Biden says that he wants Russia out of the G-20. Biden made the comments during a press conference Thursday in Brussels following a series of urgent NATO meetings on the Russian invasion of Ukraine. The G-20, or Group of Twenty, is an intergovernmental forum of 19 countries and the European Union that works on major global issues. He said he raised the issue Thursday with other world leaders. Biden said that he would prefer Russia is removed from the group, but should Indonesia or other nations disagree, he would ask that Ukraine leaders be allowed in for conversations. Biden and Western allies on Thursday pledged new sanctions and humanitarian aid in response to the continued assault in Ukraine by Russian President Vladimir Putin.