G20, central and Financial crisis of 2007–2008
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Chinese vice minister of finance Liao Min called on all parties to uphold multilateralism and free trade at the Group of Twenty (G20) Finance Ministers and Central Bank Governors meeting in Durban, South Africa,
Finance leaders from G20 nations are nearing a unified stance on trade and global challenges during a meeting in Durban. This potential agreement, the first since President Trump's election, aims to address trade tensions and climate finance without binding terms,
"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."
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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,
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G20 finance ministers reach consensus on key economic issuesUS set to shift its approach towards G20 when it takes over group’s rotating presidency from South Africa in December.
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