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Extraordinary G20 Finance Ministers Meeting

  • DivisionInternational Finance Bureau - G20 Financial Cooperation Division
  • DateNovember 14, 2020
  • Tel0442154810

Extraordinary G20 Finance Ministers Meeting

 

                            DPM Hong Attends Extraordinary G20 Finance Ministers

and Central Bank Governors’ Meeting

to Accept Debt Framework for the Poorest Countries in Need

 

 

 

Deputy Prime Minister Hong Nam-ki attended Extraordinary G20 Finance Ministers and Central Bank Governors’ Meeting held virtually on November 13 along with Finance Ministers, Central Bank Governors, and representatives from IMF, OECD, WB, FSB from G20 countries to extend the implementing Debt Service Suspension Initiative (DSSI) through June 2021 and endorse the “Common Framework for Debt Treatments beyond the DSSI”

 

At the meeting, DPM Hong suggested priority tasks to prepare for the post Covid-19 era.

 

  1. Transition to a digital and green economy: DPM Hong suggested governments to look beyond COVID-19 and preemptively come up with counterplans. In this regard, he introduced Korean New Deal, which will accelerate the transition to digital economy and deal with climate change.

 

  1. Revitalize global trade through multilateral trade system: DPM Hong emphasized the importance of revitalizing global trade through multilateral trade system and suggested the G-20 nations to build a free, fair, and predictable trade environment.

 

 

 

Attached: Extraordinary G20 Finance Ministers& Central Bank Governors Meeting Final Statement (November 13, 2020)

 

 

 

Please refer to the attached pdf 

Ministry of Economy and Finance
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