After the pandemic, it is key to avoid that we move from the COVID-induced economic crisis to a new financial crisis. The T20, through its Task Force on International Finance, calls G20 Economy and Finance Ministers for a renewed commitment to address this challenge by designing, and swiftly implementing, policy measures aimed to support countries at risk of debt distress, involve the private sector in debt relief, create innovative facilities to ensure debt sustainability, get ready for the digital money revolution, give climate risk analysis the due relevance considering its impacts on the financial architecture, monitor central banks activities that have extraterritorial impacts, and ensure transparency in capital flows especially when it comes to activities by State-Owned Multinational Enterprises.
Education, women empowerment and taxation at the centre of T20 Task Force 6 Statement to G20 Ministers
Official picture by G20 Italy Full T20 Statement for the G20 Labour and Employment Ministerial Meeting, Catania, 23 June 2021 The pandemic has increased poverty worldwide. As estimated by the World Bank, COVID-19 has pushed back between 88 and 115 million people into extreme poverty in 2020, setting back poverty reduction by around three years. [...]