Finance minister Nirmala Sitharaman called for a global framework on cryptocurrencies while suggesting steps to tackle global debt vulnerabilities, reported The Economic Times.
She also urged for these during the bilateral meetings with her counterparts, including from the US, Japan, Italy and Spain.
The finance ministers and central bank governors of the G-20 countries came to participate in the two-day meeting of G-20 starting Friday. India took over the presidency of the G-20 in December.
It is feared that the mounting debt vulnerabilities of developing nations could trigger global recession and push millions to extreme poverty. Sitharaman is scheduled to have 10 such meetings.
In her meeting with US treasury secretary Janet Yellen, the finance minister discussed issues relating to crypto assets, strengthening multilateral development banks and global debt vulnerabilities.
Sitharaman, while addressing the ministerial session at the Global South Summit last month, had said India will take up developmental issues of the Global South at the meetings of the G-20 countries emphasising that there should not be any first world or third world, but only one world having a common future.
India has been raising the issue of reforms of the multilateral lending agencies, especially the International Monetary Fund (IMF) and the World Bank, to enable them to address the global challenges facing the world economy in the 21st century.