G20 finance chiefs back central banks' independence in communique
Reuters · New
Reuters
New
Finance chiefs from the Group of 20 countries stressed the importance of central bank independence and pledged to boost cooperation in a communique they issued after a two-day meeting in South Africa.
Breakdown
- G20 finance chiefs emphasized the importance of central bank independence.
- The communique highlighted global economic uncertainty due to conflicts, trade tensions, and extreme weather. 35s
- South Africa's Deputy Finance Minister stressed the need for free trade and collective problem-solving. 45s
- The communique called for reform of the World Trade Organization but did not explicitly address climate change. 1m 13s
- The agreement avoided direct mention of tariffs, referring instead to trade tensions, and is nonbinding. 1m 28s