Choo Kyung-ho Attends G20 Finance Ministers' Meeting... Discusses Price Stability and Debt of Vulnerable Countries

[Image source=Yonhap News]

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho will depart for India on the 16th to attend the G20 Finance Ministers' Meeting.

The meeting will be held on the 17th and 18th in Gandhinagar, India. Five sessions will take place, covering the global economy and health, sustainable finance and infrastructure, the international financial system, international taxation, and financial inclusion and regulation.

This meeting is the last finance ministers' meeting before the G20 Summit scheduled for September 9-10, serving as a preparatory event for the summit.

Deputy Prime Minister Choo is expected to emphasize the importance of price stability and enhancing supply chain resilience during the global economy and health session. In the sustainable finance and infrastructure session, he plans to urge member countries to pay attention to the Green Climate Fund, which is preparing for a second replenishment of resources.

In the international financial system session, co-chaired by South Korea, discussions will focus on international cooperation measures for reforming multilateral development banks (MDBs) and resolving debt issues in vulnerable countries.

Additionally, Deputy Prime Minister Choo will hold meetings with Ajay Banga, President of the World Bank (WB), and Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), to discuss cooperation with South Korea.

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