G20 finance ministers fail to agree on joint communique due to China's position, US Treasury Secretary says
Quick Look
US Treasury Secretary Scott Bessent stated that G20 finance ministers and central bank governors failed to reach a unanimous joint communique after their meeting in Asheville, North Carolina, citing China's position as the reason for the lack of consensus.
AI-generated summary
Why It Matters
The G20 finance ministers and central bank governors met in Asheville, North Carolina, with the United States serving as chair and preparing a final statement for the meeting.
WASHINGTON, September 2. /TASS/. A joint communique based on the results of the meeting of G20 finance ministers and central bank governors in Asheville, North Carolina, was not agreed upon, US Treasury Secretary Scott Bessent has stated.
"I'd hope to be able to announce a unanimous joint communique today to reflect the outcome from all the great work we've done together in the past few days and over the year," he said. As the minister specified, they "were not able to achieve a complete consensus." According to Bessent, the reason for this was China's position.
The head of the Treasury Department noted that the United States had prepared a final statement as the chair of this meeting.
What to Watch
AI outlook — possibilities, not facts
Further discussions will be held to resolve disagreements and attempt to reach a joint communique at future G20 meetings.
Likely · Within weeks
Open Questions
- What specific aspects of China's position prevented consensus?
- Will there be further attempts to reach a joint communique?
- How might this disagreement affect future G20 coordination on global economic issues?
