G20: officials accept 2016 expected fiscal outcomes

Finance and central bank deputies from G20 states reached a basic consensus on this year’s expected outcomes of fiscal and finance channels in a meeting held in SoutheastChina’s Fujian Province on Wednesday.

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It is the third G20 Finance and Central Bank Deputies Meeting China hosted since it assumed the rotating presidency in 2016.

Officials pose for a family photo at the G20 Finance Ministers and Central Bank Governors Meeting at the Pudong Shangri-la Hotel in Shanghai, east China, Feb. 27, 2016. Chinese policymakers on Friday sketched out the country's economic policies and reform agenda, reassuring the world that the government has plenty policy tools to combat downward pressure as financial leaders from G20 nations gathered in Shanghai. (Photo: Xinhua/Li Xin)
Officials pose for a family photo at the G20 Finance Ministers  (Photo: Xinhua/Li Xin)

The two-day meeting focused on the current global economy, a G20 framework forgrowth, investment and infrastructure.

Representatives from international organizations also exchanged views with attending G20 deputies on international finance structure, reform on finance departments, global taxation cooperation, green finance, climate funds and counter-terrorism financing.

The consensus they reached will be deliberated at the third G20 Finance Ministers and Central Bank Governors Meeting to be held in Chengdu, Sichuan Province this July.

While assuming the rotating presidency, China will hold 66 events across 20 cities this year with thousandsof expected participants. Last month, Chinese Foreign Minister Wang Yi also listed 10 to-be-delivered outcomes of the Hangzhou Summit at a media briefing on the 100-day countdown.

Source: (People’s Daily)

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