2 days ago
Finance chiefs gather in Asheville for G20 economic talks
Leaders who manage money for many countries are meeting in Asheville, North Carolina.
They are part of the G20, a group of the world’s largest economies.
The meeting lasts two days and focuses on how countries can grow their economies.
They will also talk about government debt and keeping supply chains working during problems.
Business leaders are joining the talks to explain what makes it easier or harder to invest and create jobs.
The United States wants countries to support market-led innovation and private investment.
Officials will discuss disagreements over subsidies, extra production and trade policies, especially those linked to China.
They will also consider financial fraud protection and ways to help households build wealth.
The meeting is taking place in Asheville to highlight the city’s recovery after Hurricane Helene.
Its results will contribute to planning for a larger G20 leaders’ summit in December.
Finance ministers, central bank governors and business executives are meeting in Asheville for a two-day G20 gathering.
The United States is promoting stronger, more balanced growth, resilient supply chains and market-led investment.
Officials will discuss sovereign debt restructuring, global economic imbalances and trade practices that may distort competition.
About 20 private-sector representatives are expected, including executives from banks, pharmaceutical and industrial companies.
The meeting will help prepare for the G20 leaders’ summit President Donald Trump is scheduled to host in Miami in December.
- Who
- Finance ministers, central bank governors, business executives and representatives of international organisations and financial institutions, including US Treasury Secretary Scott Bessent, Federal Reserve Chair Kevin Warsh and Indian Finance Minister Nirmala Sitharaman.
- What
- A two-day G20 Finance Ministers and Central Bank Governors meeting on economic growth, sovereign debt, global imbalances and resilient supply chains.
- Where
- Asheville, North Carolina, United States.
- When
- Monday and Tuesday; the meeting follows two days of discussions among G20 finance and central bank deputies.
- Why
- To identify practical barriers to investment and economic expansion, discuss global economic challenges and prepare for the G20 leaders’ summit.
Key facts
- Host country
- The United States is holding the meeting under its G20 presidency.
- Location
- Asheville, a Blue Ridge Mountain city in western North Carolina.
- Main themes
- Economic growth, global imbalances, sovereign debt and resilient supply chains.
- Business participation
- Around 20 representatives from banks, pharmaceutical and medical-technology companies, and industrial enterprises are expected.
- Debt discussions
- Participants will examine coordination through the Paris Club, the G20 Common Framework and the Global Sovereign Debt Roundtable.
- Additional topics
- Financial literacy, household wealth creation and protection against financial fraud.
- Future summit
- The meeting contributes to preparations for a G20 leaders’ summit scheduled for December in Miami.
