On Monday 13 and Tuesday 14 September, G20 Finance and Central Bank Deputies will convene in Naples. This will be their fourth official meeting under the Italian G20 Presidency but the first in-person official gathering since before the COVID-19 outbreak.
September 10th, 2021
On Monday 13 and Tuesday 14 September, G20 Finance and Central Bank Deputies convened in Naples. This was their fourth official meeting under the Italian G20 Presidency but the first in-person official gathering since before the COVID-19 outbreak.
This came just a few weeks after the third G20 Finance Ministers and Central Bank Governors Venice Meeting, in July, and preceded the upcoming fourth ministerial meeting scheduled for 12-13 October in Washington, within the framework of the World Bank Group and International Monetary Fund Annual meetings.
G20 Finance and Central Bank Deputies kicked off discussions with two workshops. The first focused on the current global health initiatives. Among such initiatives, earlier this year, the G20 established a High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response which presented its first official report to the membership in July 2021. G20 Deputies exchanged views on how these recommendations could be put forward. The second workshop analysed opportunities and challenges in the financial sector stemming from the development of market-based finance, also in light of the recent developments in financial markets triggered by the COVID-19 pandemic.
While in recent months the global economic outlook has improved mainly thanks to the roll out of vaccines and continued policy support, the G20 Deputies continued discussions on economic recovery, as it is recognised that it has been uneven both across and within countries, and remains exposed to downside risks.
G20 Finance and Central Bank Deputies also touched upon issues related to the green and digital transitions, in a bid to promote sustainable and inclusive growth. Support to the most vulnerable countries, international taxation matters, and financial sector related issues also represented crucial agenda items.