It is vital to increase quota resources for the International Monetary Fund (IMF) before year-end, its chief, Kristalina Georgieva, said on Sunday. She urged members of the G20 bloc to deliver on a promise of $100 billion a year in climate funds. In a declaration at its summit in New Delhi this weekend, the grouping vowed to tackle debt vulnerabilities in low and middle-income countries in an effective, comprehensive, and systematic manner. However, no fresh plan of action was offered. Georgieva stated that G20 members must lead by example in delivering on the promises of $100 billion per year for climate finance, supported by strengthening the multilateral development banks. She also highlighted the need for countries to mobilize domestic resources to finance and manage the green transition through tax reforms, effective and efficient public spending, strong fiscal institutions, and deep local debt markets. Georgieva urged the grouping to strengthen the global financial safety net, stating that it is vital to reach an agreement to increase the IMF’s quota resources before the end of the year. Such a pact would secure resources needed for the Fund’s interest-free support to the poorest countries through the Poverty Reduction and Growth Trust. The G20 summit also pledged to strengthen and reform multilateral development banks while accepting a proposal to regulate cryptocurrencies more tightly worldwide. Georgieva expressed that more work lies ahead, including in the realm of digital money and crypto assets.