Argentine President Macri to take part in G20 Finance Ministerial this afternoon

Argentine President Mauricio Macri will address finance ministers and central bank governors this afternoon in Buenos Aires. The meeting’s main conclusions will be issued later today.

President Mauricio Macri of Argentina will take part in the First G20 Meeting of Finance Ministers and Central Bank Governors at 2.30 pm local time today, where he will address the global economic leaders who have been meeting in Buenos Aires since yesterday. A communiqué with the meeting’s main conclusions will be distributed this afternoon at the meeting’s close.

 

International finance, financial architecture and the global tax system are on the agenda of day two of the meeting. Working sessions began at 8.45 am.

 

Financial regulation, and specifically, the steps to ensure that the financial system remains resilient, was discussed at the first session. International financial architecture, a key aspect of the G20's work since the 2008 financial crisis, was addressed next, with the objective of detecting vulnerabilities in the system, improving preventative tools and crisis management, and guaranteeing that the system is able to respond to an evolving global economy and international monetary system.

 

International taxation was the third key issue on the agenda. Leaders are working for greater transparency to combat tax evasion. The impact of challenges and opportunities presented by technological change, particularly digitalization, will also be examined.

 

The working sessions conclude at 2.45 pm, after which the official communiqué will be distributed. At 3.00 pm Argentine Treasury Minister, Nicolás Dujovne and President of the Argentine Central Bank, Federico Sturzenegger, will give the official press conference of the Argentine G20 presidency. This will be followed by a press conference by US Secretary of the Treasury, Steven Mnuchin,​ and French Economy Minister, Bruno Le Maire.

 

About the G20

 

The G20 started out in 1999 as a meeting of finance ministers and central bank governors. In 2008, amidst the global financial crisis, it evolved into what it is today: a major forum that seeks to develop global policies to address the world’s most pressing issues. The G20 summits are attended by the heads of state and government of 19 of the world’s leading economies and the EU. Together, the G20 members represent 85% of global GDP, two-thirds of the world’s population, and 75% of international trade.