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Financial ministers from most of the largest economic economy demand to skip G20 meetings in South Africa this week during the overthrow of the entire operation.
Among the countries not expected to send their financial ministers in India, China, Brazil and Mexico, according to the people familiar with organizational meetings.
The US Treasury Secretary Scott Bessent said he last week would stay in Washington – a step that followed the Secretary of State Marco Rubio’s decision To not “waste money in tax or coddle anti-americomism” by attending a G20 meeting with foreign African ministers last week.
The Minister Minister of Labor Japan will remain in Tokyo to focus on state budget talks, while the Eucsics Comminics Comminics Valkis Dombrovskis is expected to remain in Bradsels, officials say.
the G20 Stronger for relevance in recent years, because the opposite between the US and China deepened and members separated the response to the total growth in Russia.
The analysts warned the bad arrival of doubt on mechanisms for global co-operation at a time in question in the US Donald Trump.
Mark Solbel, the US seat at the official financial and financial forum and a former US Treasury official, saying that the G20 “is clear in a very good state”, even when he sorted that the G20 “is obviously In a very good condition not to attend meetings is “a substantial error”.
Leetja Khanyago, head of the southern reserve bank, which will flow to a Central Bankers meeting, playing the lack of attendees, that all members of the G20 represent not physical attendance meetings.
“Any decision to go out here is a G20 decision,” Khanyago told the financial time.
The US Federal Reserve Chair Jay Powell is expected to attend meetings with central bankers from a host to other countries, including Christine Lagarde in Europe.
Some European financial ministers are also expected to make travel, including the UK Chancellor Rachel Reevel.
Losing the G20 influence is contrary to a decade and a half ago, if the body helped answer the global financial crisis response.
Besstent and Rubio also followed a fierce attack by Trump in South Africa, which he accused “confiscated land of evil”, taking care of some classes of bad people ” , which spans a new law of spending on the ground.
Opening meetings on Wednesday, the president of South Africa Cyril Ramaphosa said multilataliism presents the threat of global growth and strength “.” Multilateral co-operation is our only hopeful can overcome unprotected challenges, “he says, adding that one of the G20 assignments this year should build a strong economy of world.
Last week, foreign minister meeting ended uninited statement, with a summary of speeches released.
At a meeting this week’s Cape Town of the B20 – the G20 business stream – US loss is a focus of discussion.
The Cas Coovadia, the former head of South Africa’s largest Quantity in South Africa, said though the US government selected G20, businesses from the country continue to live.
“Our US counterparts, our US Chamber of Commerce, the US Chamber of Commerce, who is committed to American businesses in B20 remained unclean,” he said.
Nonkululoko Nyembezi, Chaird of the Country Bank, Standard Bank, said: “We still think of each other after the Trump administration has left.”
Ministerial meetings are designed by suggestions suggestions, fed by leaders in G20 countries, meeting in November in South Africa. It is unclear if Trump attends.
Paola Tamma’s Extra Report to Brussels, John Reed in New Delhi and Michael Poler in São Paulo