G20 finance ministers release 14-point communiqué
Group of 20 finance leaders met in Japan where they issued a communiqué at the close of their two-day meeting.
Finance ministers and leaders from the world’s 20 leading industrialized and emerging economies met in Japan to find ways of working toward international economic cooperation.
“Global growth appears to be stabilizing and is generally projected to pick up moderately later this year and into 2020,” wrote G20 finance leaders in a communiqué issued at the close of the meetings in Fukuoka, a city on the northern shore of Japanese island Kyushu.
Ministers from various governments contributed to the 14-point communiqué ahead of Japan’s G20 Summit on June 28-29 in Osaka.
The communiqué acknowledged that trade and geopolitical tensions have “intensified,” and lists various priorities, such as closing loopholes used by tech giants to reduce their corporate taxes by 2020.
Other priorities included sustainable infrastructure development, strengthening financial inclusion in aging societies and continued support for the G20 Compact with Africa (CwA), which should “involve closer engagement with private sector investors and enhanced bilateral engagement.”
Further information regarding the G20 Finance Ministers and Central Bank Governors Meeting can be found on the official website.