G20 Finance Chiefs to Focus on Economic Policies, Steer Clear of Geo-Political Conflicts

Finance ministers and central bankers from the G20 will meet to renew efforts on economic policy ahead of the U.S. election, avoiding discussions on the Ukraine and Gaza conflicts. Brazil hopes to prioritize global tax proposals and achieve economic cooperation on climate change and poverty reduction.

Finance ministers and central bankers from the Group of 20 will gather this week to renew efforts on economic policy consensus ahead of the U.S. election while avoiding discussions on the Ukraine and Gaza conflicts to maintain focus.

G20 negotiators have agreed to omit conflict-related discussions from a joint statement during their July 25-26 meeting in Rio de Janeiro. A previous meeting in Sao Paulo failed to produce a statement due to disagreements over conflicts.

The new approach aims to prioritize economic cooperation on climate change and poverty reduction. Brazil is pushing for global tax reform and has garnered support from several nations. There is pressure to finalize agreements before the U.S. election may cloud the agenda in October.

(With inputs from agencies.)