Union Finance Minister Nirmala Sitharaman will here on Thursday host a breakfast for her counterparts from G-20 countries on the sidelines of the annual meeting of the International Monetary Fund and the World Bank.
Founded in 1999, G-20 is a grouping of 19 major world economies along with the European Union.
India will assume the annual presidency of G-20 countries in December this year. Indonesia is currently heading the G-20 presidency.
US Treasury Secretary Janet Yellen along with finance ministers of other G-20 countries have confirmed to attend the breakfast meeting being hosted by Sitharaman at the headquarters of the International Monetary Fund here.
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Sitharaman with this meeting intends to set the pace and scope for India's presidency for the next year and also establish a personal relationship with all of her counterparts from the G-20 countries.
At a time when the world is facing recession and there is large-scale inflation, the role that G-20 has in steering the global economy has gained significance.
(Inputs from PTI)
