G20, central
Digest more
DURBAN (Reuters) -G20 finance chiefs agreed a communique on Friday that underscored the importance of central bank independence and the role of the World Trade Organisation in advancing trade issues.
DURBAN - G20 finance ministers and central bank governors have shrugged off United States (US) President Donald Trump’s poor endorsement of the bloc’s work under South Africa’s presidency. The finance track met for a third time in Zimbali in KwaZulu-Natal (KZN) this week—with talks wrapping up yesterday.
Finance chiefs from the Group of 20 advanced and emerging economies said Friday that the global economy is facing
South Africa has downplayed the absence of US Treasury secretary Scott Bessent at a meeting of G20 finance chiefs, saying it believed the world’s biggest economy is still “committed” to the grouping as the gathering starts in Durban.
U.S. tariffs have strained the G20’s multilateral foundations and complicated South Africa’s efforts — as this year’s rotating president — to keep the group’s agenda on course.
Explore more
DURBAN (Reuters) -G20 finance chiefs will meet in South Africa on Thursday under the shadow of President Donald Trump's tariff threats and questions over their ability to tackle global challenges together.
At the G20 meeting in Durban, Canada's finance minister emphasized the need to combat the prevailing uncertainty caused by trade restrictions and tariffs. With discussions overshadowed by U.S. policies,
In opening remarks, South Africa's Finance Minister Enoch Godongwana said the G20 must provide strategic global leadership, cooperation and action in the face of complex challenges.
The United States aims to pare the Group of 20 major economies back to its financial roots next year when it takes over the rotating presidency from South Africa, sources familiar with the Trump administration's plans said.