The finance ministers of France and Germany gave positive reviews to Ajay Banga, nominated on Thursday by US President Joe Biden as a surprise choice to lead the World Bank's transformation to fight climate change and other global challenges.

Finance heads of the world's most powerful economies were split over language on Russia's war in Ukraine with some western powers hardening their position on isolating Moscow while host India looked for more neutral terms to describe the conflict.

IMF's top recommendation was to "safeguard monetary sovereignty and stability by strengthening monetary policy frameworks and do not grant crypto assets official currency or legal tender status."