Washington DC, Oct. 18 -- : The Group of 20 (G20) has the responsibility to navigate global policy coordination in effective fashion by identifying and taking strong measures for building buffers and catalysing the second wave of reforms, Finance Minister Nirmala Sitharaman has said.

She gave a clarion call for concerted action in the face of global slowdown and highlighted that emerging market economies in particular face the challenge of achieving economic growth and inclusive development while pursuing sustainable financing.

In this context, Sitharaman emphasised on the importance of countries pursuing structural reform measures to counter the growth slowdown. The minister led Indian delegation at meetings of G20 and BRICS finance mini...