Finance ministers from the G20 nations have pledged to intensify their efforts in tackling the mounting global economic risks. The ministers convened to discuss strategies aimed at fostering sustainable economic growth and stability across the globe.

Key Discussion Points

• Global Imbalances: The ministers acknowledged the need to address existing global imbalances that could potentially destabilize the world economy.
• Financial Market Volatility: Concerns were raised regarding the increasing volatility in financial markets and its potential impact on investment and growth.
• Commodity Prices: The rising prices of essential commodities, particularly oil and food, were identified as a significant challenge that requires careful monitoring and appropriate policy responses.

Commitments Made

The G20 finance ministers committed to:

• Strengthening international cooperation to address global challenges effectively.
• Implementing policies that promote sustainable and balanced growth.
• Enhancing transparency and risk management in financial markets.
• Working together to ensure stable and affordable commodity prices.

The ministers emphasized that coordinated action is essential to mitigate the risks and ensure a stable and prosperous global economy.