g20org
Oct 17
159
0.22%
The global economy is currently experiencing many challenges and shocks. From the higher-than-expected and persistent inflation, tighter financial conditions, the impact of War in Ukraine, the prolonged impact of the COVID-19 pandemic, supply and demand mismatches that slowed the global economic outlook, to downside risks to the global economic outlook due to extreme weather caused by climate change. The long-lasting global challenges we faced have caused increasing debt vulnerabilities and hampered the way toward recovery, which further impacted the vulnerable group, especially low-income and developing countries. In this economic situation, the fourth FMCBG meeting was held on 12-13 October 2022, where G20 Finance Ministers and Central Bank Governors discussed six main agendas and the concrete action needed to tackle the global economic challenge. Indonesia G20 Presidency reiterates that G20 is the premier forum for international cooperation that continues to succeed in addressing current and its effort to anticipate any further challenges that may come. At its last Finance Track meeting in 2022, Indonesia G20 Presidency has maintained the integrity of the G20 by delivering concrete actions to support the global economy to recover together, recover stronger. Read more on G20 Chair's Summary https://www.g20.org/finance-track/ #G20Indonesia #RecoverTogetherRecoverStronger #FMCBG
g20org
Oct 17
159
0.22%
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