G20 Finance Chiefs Approach Consensus in South Africa
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As the G20 Finance Track meetings conclude in South Africa, leaders address the pressing economic challenges facing developing nations amid global uncertainty.
"The G20 was built around a presumption that all the world's major economies shared a common interest in a stable, relatively open global economy," said Brad Setser of the Council on Foreign Relations. "But Trump doesn't really care about stability and wants a more closed global economy."
U.S. Treasury Secretary Scott Bessent did not attend the two-day meeting in the port city of Durban, continuing a string of snubs by Trump administration officials.
Finance chiefs from the Group of 20 advanced and emerging economies said Friday that the global economy is facing
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Durban G20 talks will seek to deepen global ties in "turbulent times," German sources sayA meeting of finance ministers and central bank governors from the Group of 20 in Durban, South Africa, will seek to deepen global relationships in "turbulent times", German finance ministry sources said on Tuesday,
In the G20 finance ministers’ meeting in South Africa starting tomorrow, debt stress, development finance, and trade are set to dominate the agenda. The meeting comes at a time when US President Donald Trump’s tariffs have upset the world order and rattled countries the world over.
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