An Outcome Document and Chair’s Summary, released after the meeting highlighted the differences over the war in Ukraine. Read more at straitstimes.com.
NEW DELHI - Deputy Prime Minister Lawrence Wong said on Tuesday that scaling up development finance and dealing with cryptoassets were some of the issues discussed at a G-20 Finance Ministers’ and Central Bank Governors’ Meeting in India, where differences continued to persist overMr Wong, who is also finance minister, also noted that such meetings were important for Singapore to discuss important global issues like climate finance and global tax rules.
“Most members strongly condemned the war in Ukraine and stressed that it is causing immense human suffering and exacerbating existing fragilities in the global economy, constraining growth, increasing inflation, disrupting supply chains, heightening energy and food insecurity, and elevating financial stability risks,” the Outcome Document and Chair’s Summary said.
Discussions were also held on a wide range of issues including the global economic outlook and risks such as the macroeconomic implications of food and energy insecurity as well as climate change, said an Indian ministry of finance press release. Mr Wong posted a photo on social media of his meeting with IMF managing director Kristalina Georgieva, and said they discussed how the international community can work together to tackle common challenges, like climate change. PHOTO: TWITTER/LAWRENCE WONGS’pore seeks deeper people-to-people and business links with India amid excellent ties: DPM Wong
He also had bilateral meetings on Monday and Tuesday with Canada DPM and Minister for Finance Chrystia Freeland and Turkish Minister of Treasury and Finance Mehmet Simsek and Turkish Central Bank Governor Hafize Gaye Erkan, besides IMF Managing Director Kristalina Georgieva and Italy’s Minister of Economy and Finance Giancarlo Giorgetti on the sidelines of the G-20 meet.
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