India Will Have A Difficult Task As G-20 Chair: IMF's Chief Economist
NDTV
Describing G-20 as a very important institution, Pierre-Olivier Gourinchas said the group is the one place where there is governance representing the majority of the global economy coming together.
India, which will hold the G-20 presidency next year, will have a difficult task as the group's chair to bring countries together on some of the key challenges being faced by the world, Pierre-Olivier Gourinchas, the chief economist of the IMF, said on Wednesday.
"One of the challenges for the G-20 right now, as we've seen, is of course how to deal with geo-economic fragmentation. And geo-economy fragmentation is just reflecting the fact that we've seen enormous tensions following the Russian invasion of Ukraine," Gourinchas told PTI in an interview.
"To some extent to the G-20, it's much harder to have these kinds of conversations around the common goods in the current environment because there is all this tension related to geopolitical considerations. And so, India will have a difficult task, but also, I would think one of the important objectives will be to keep the countries at the table, to keep the discussion going, keep progress being made on important issues," he said in response to a question.
Describing G-20 as a very important institution, Mr Gourinchas said the group is the one place where there is governance representing the majority of the global economy coming together.
