Finance ministers from the G20 nations have pledged their support for the ongoing global economic recovery. The ministers convened to discuss strategies for navigating current economic challenges and fostering sustainable growth in the wake of the pandemic.

Key Discussion Points

• Policy Coordination: Ministers emphasized the need for coordinated policy responses to address the uneven recovery and mitigate potential risks to the global economy.
• Vulnerability Reduction: Discussions centered on identifying and addressing vulnerabilities in the financial system to enhance its resilience to future shocks.
• Sustainable Growth: The group reaffirmed its commitment to promoting sustainable and inclusive growth, taking into account environmental and social considerations.
• International Cooperation: Ministers highlighted the importance of international cooperation in tackling global challenges such as climate change, debt sustainability, and equitable access to vaccines.

Commitment to Action

The G20 finance ministers agreed to continue working together to implement policies that support a strong, sustainable, balanced, and inclusive global recovery. They also pledged to monitor progress closely and adapt their strategies as needed to address evolving circumstances.