Fourth G20 Meeting of Finance Ministers and Central Bank Governors starts today

Within the framework of the International Monetary Fund (IMF) and World Bank annual meetings, the Fourth G20 Meeting of Finance Ministers and Central Bank Governors started today at Bali, Indonesia.

Finance Ministers and Central Bank Governors of the main economies in the world met in a two-day event to discuss the most relevant issues of the G20 agenda. The meeting started with a discussion on risks to the global economy and international financial architecture.

Regarding global economy, the officials analyzed the current economic and financial situation to identify risks in global economy, measures to prevent them and the necessary steps to be taken. Financial vulnerabilities, trade tensions and global inequalities were identified as risks. They also talked about international trade.

Later, Finance Ministers and Central Bank Governors discussed ways to make international financial architecture more resilient and they received the EPG final report. This report was created in 2017 to establish recommendations on global reforms for international financial architecture and governance of the International Financial Institutions system.

The second meeting will be held tomorrow at 10.45 am (Bali time). Discussions will be on infrastructure for development, one of the priorities defined by the Argentine G20 presidency; the Compact with Africa initiative; and financial inclusion.

Finally, Nicolás Dujovne, Argentine Minister of Treasury, and Verónica Rappoport, Second Vice-president of the Argentine Central Bank, will be giving a press conference to talk about the main topics of discussion and underscore the progress made so far in different areas, towards the G20 Leaders’ Summit that will be held next month.