Fourth G20 meeting of finance ministers and central bank governors kicks off tomorrow
In Bali, global economic leaders will discuss risks to the world economy and infrastructure development, among other topics.
Over 55 heads of delegation – including 20 finance ministers and 17 central bank governors from G20 member and guest countries, as well as 10 heads of international organizations – will take part in the Fourth G20 Meeting of Finance Ministers and Central Bank Governors starting tomorrow.
The two-day meeting will be held in Bali, Indonesia, on the sidelines of the International Monetary Fund (IMF) and World Bank annual meetings, and will be chaired by Nicolás Dujovne, Argentine Minister of Finance, and Verónica Rappoport, Second Vice-president of the Argentine Central Bank. Participants include Christine Lagarde, Managing Director of the IMF; Jim Yong Kim, President of the World Bank Group; Mario Draghi, President of the European Central Bank; Steven Mnuchin; United States Secretary of the Treasury; Philip Hammond, UK’s Chancellor of the Exchequer; and Taro Aso, Finance Minister of Japan.
The agenda starts on Thursday 11 October at 7.15 pm (Bali time) with the traditional family photo, followed by a discussion on risks to the global economy, such as financial vulnerabilities and trade tensions. Later, officials will discuss ways to make international financial architecture more resilient.
On Friday, the agenda looks at developing infrastructure as an asset class; the Compact with Africa initiative, launched in 2017 to promote private investment in the African continent; and financial inclusion, among other topics.
On Friday at 12.45 pm (local time), once the meeting is over, the representatives of the Argentine G20 presidency will give a press conference to brief on the meeting’s highlights. It will be streamed live on the G20 YouTube channel.
A turning point for the Finance Track
After the consensus achieved in the three previous meetings (held in March and July in Buenos Aires, and in April in Washington, D.C.), the meeting will allow senior officials to make progress on the recommendations of the Finance Track that will be presented at the G20 Leaders’ Summit in Buenos Aires on 30 November and 1 December.
On 29 November, hours before the summit, finance ministers will meet a fifth and last time to wrap up the track’s programme this year.