India urges G20 members to ensure equal access to vaccines & their widespread distribution
The Union Finance Minister highlighted how India has emerged as a key global producer of vaccines and medical products, especially during the COVID-19 pandemic.
Union Finance Minister Nirmala Sitharaman, during the second meeting of G20 finance ministers and central bank governors on April 7, 2021, urged all G20 members to ensure equitable access and widespread distribution of vaccines. The meeting was held virtually under the Italian presidency.
Sitharaman shared during the meeting regarding how India is running an ambitious programme of rapid domestic vaccination.
The Union finance minister also supported the move to extend the Debt Service Suspension Initiative to the most vulnerable economies by six months till December 2021.
Finance Minister Smt. @nsitharaman participated through virtual mode in the 2nd #G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting under Italian Presidency today in New Delhi.— Ministry of Finance (@FinMinIndia) April 7, 2021
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FM Sitharaman at G20 Finance Ministers Meeting
•The G20 Finance Ministers and Central Bank Governors discussed the latest updates of the G20 Action Plan in response to COVID-19.
•They also discussed actions to support the financing needs of the most vulnerable economies and the progress made on promoting greener transitions, international taxation agenda and pandemic-related financial regulation issues.
•The Union Finance Minister highlighted how India has emerged as a key global producer of vaccines and medical products, especially during the COVID-19 pandemic.
•She reiterated how India has vaccinated almost 87 million citizens in its COVID-19 vaccination drive and supplied around 64 million doses to 84 countries across the globe, including 10 million doses as grants.
•The Minister further urged the G20 High-Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response to draw upon such experiences.
•She also suggested that while channelling funds from international financial institutions into projects for green transitions, it was important to recognise the immediate challenge in restoring growth, particularly for developing and low-income countries.
On Policy Response
The G20 Finance Ministers also held discussions on policy responses to restore strong growth in a sustainable and inclusive manner.
The Union Finance Minister also underlined the need for continued coordination in the midst of persistent uncertainties.
On Climate Change
While taking note of the discourse on climate change, FM Sitharaman emphasised on the need to achieve progress on the commitments made under the Paris Agreement on climate finance and technology transfer.