G20 Finance Chiefs Approach Consensus in South Africa
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DURBAN (Reuters) -Major economies cannot allow uncertainty to become the new norm even though they face a novel world of growing trade restrictions and tariffs, Canada's finance minister said on Thursday.
Addressing leaders at the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings, the SARB Governor highlighted the systemic risks posed by the insurance gap.
South Africa urged G20 countries to show global and cooperative leadership to tackle challenges including rising trade barriers, as the club's finance chiefs met on Thursday under the shadow of President Donald Trump's tariff threats.
G20 nations said on Friday that the independence of central banks is crucial to achieving price stability in the face of geopolitical and trade tensions. "Central banks are strongly committed to ensuring price stability,
Japanese finance chief raises concern about how economy, financial markets will be affected by uncertainty around US tariffs, Jiji Press reports - Anadolu Ajansı
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Indonesia welcomes efforts to strengthen economic cooperation at the 4th G20 Meeting of Finance Ministers and Central Bank Governors, held in South Africa
At the G20 meeting in Durban, Canada's finance minister emphasized the need to combat the prevailing uncertainty caused by trade restrictions and tariffs. With discussions overshadowed by U.S. policies,
South Africa’s Godongwana said that sustainability finance and global trade imbalances were the key sticking points.