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."

Prime Minister Narendra Modi added his voice Friday to calls for reform of global lenders such as the World Bank, as G20 finance ministers and central bank heads met.