It's time to replace the outmoded G7
There is talk of permanently expanding the old inner group into a larger team of like-minded countries, reflecting the new realities of world power, as well as the new dangers.
China should join the Paris Club
The problem is that China, the largest sovereign lender in the world, is not a member, because other leading creditors complain that its loans and lending conditions are not transparent.
The G20 and multilateralism after Trump
The G20 is just one of many multilateral organizations and institutions that have suffered over the past four years because of the Trump administration’s “America First” policy.
G20 vows fair distribution of COVID-19 vaccines to all nations
At the virtual summit, Prime Minister Yoshihide Suga emphasized the importance of guaranteeing universal access by supplying treatment drugs and vaccines for COVID-19.
World moves on from Trump, but multilateralism is left struggling
One of the starkest moments from the Group of 20 came when U.S. President Donald Trump skipped a session on the pandemic to hit the golf course. Just as telling was how many other leaders seemed checked out. The virtual gathering of the world’s top ...
World leaders praise Paris climate pact as Trump slams accord
Most leaders spoke in favor of the pact and more broadly of the need to sustain momentum on climate goals even as economies around the world are ravaged by the COVID-19 pandemic.
Suga says Japan to lead international efforts on climate change
Suga has already said that Japan will aim for net-zero emissions by 2050, making a green society one of his key policy priorities.
Saudi Arabia hosts the Group of 20 summit Saturday in a first for an Arab nation, with the downsized virtual forum dominated by efforts to tackle the coronavirus pandemic and a crippling economic crisis. The two-day meeting of the world's wealthiest nations comes as President ...
China has given $2.1 billion of debt relief to poor countries
China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among the group's members in terms of the amount deferred, the country's Finance Minister Liu Kun said on Friday. Liu's comments come as African countries, hammered ...
G20 countries still backing fossil fuels through COVID-19 response
Despite repeated pledges to end subsidies for oil, gas and coal, G20 governments continue to fund fossil fuels, with the COVID-19 crisis doing little to change that, a new report says.
IMF official warns coronavirus will weigh on some economies for years
The novel coronavirus crisis is lasting longer than expected, and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said Wednesday. The Fund has provided some $90 billion in total financing to 79 countries, including ...
G20 ministers agree on need to ease coronavirus border controls
Foreign ministers from the Group of 20 major economies confirmed Thursday the importance of easing border control restrictions imposed to reduce the risks of coronavirus infections, according to Saudi Arabia, president of the framework this year. The ministers "acknowledged the importance of opening borders, uniting ...
