G20 finance chiefs back central bank independence in first communique since October
- The Group of 20 finance ministers and central bank chiefs agreed on July 18 to maintain international policy cooperation amid trade tensions.
- They emphasize strengthening multilateral cooperation to address risks to the global economy.
- Central banks reaffirmed their commitment to price stability and data-dependent policy adjustments.
25 Articles
25 Articles
G20 finance chiefs back central bank independence in first communique since October
Finance chiefs from the Group of 20 countries stressed the importance of central bank independence while pledging to boost cooperation in a joint statement issued on Friday after a two-day meeting in South Africa.
G20 finance ministers meeting in South Africa wants to save multilateralism and plug holes torn by the US. However, the conflicts of interest remain large.
Finance Minister Klingbeil (SPD) wants to shine on the international stage and goes to South Africa for the G-20 summit. Only hardly anyone is there.
In South Africa it is lonely about the German finance minister at the G20 summit. Hardly anyone from his Western colleagues is there. But Lars Klingbeil tries to save what is still to be saved in international cooperation.
Vice chancellor Klingbeil also wants to play an international role as finance minister. At the meeting with his G20 colleagues he tries to position Germany as an alternative to the USA. By J.-P. Bartels and M. Polansky.
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