Finance ministers from the G20 expressed a positive outlook for achieving a soft landing for the global economy and emphasized the need to resist protectionist measures. This sentiment was outlined in the final communique released on Thursday, which maintained the core points of the initial draft.
According to the joint statement from the G20 finance ministers meeting, held alongside the annual International Monetary Fund and World Bank gatherings in Washington, \"We observe good prospects of a soft landing of the global economy, although multiple challenges remain.\"
Notably, the communique did not address the ongoing conflicts in Russia-Ukraine or the tensions involving Israel and Hamas in Gaza and Hezbollah in Lebanon, topics that have historically been divisive within the group.
A separate statement from Brazil, the current G20 presidency holder, highlighted divergent views among members regarding the inclusion of these conflicts in G20 discussions. The statement read, \"Some members and other participants considered that these issues have an impact on the global economy and should be treated in the G20, while others do not believe that the G20 is a forum to discuss these issues.\"
Brazil announced that it will facilitate discussions on these conflicts among G20 \"sherpa\" officials as preparations continue for the upcoming G20 leaders summit in Rio de Janeiro this November.
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G20 finance chiefs optimistic on economy, oppose protectionism
cgtn.com
