On April 25th, according to the website of the Ministry of Finance, from April 23rd to 24th, 2025, South Africa, the chair country of the G20, held the second G20 Finance Ministers and Central Bank Governors Meeting of the year in Washington, D.C. The meeting mainly discussed topics such as global macroeconomic situation and financial stability, international financial architecture, and promoting growth and development in Africa. Finance Minister Lan Fo’an attended the meeting and delivered a speech, accompanied by Vice Minister Liao Min. Lan Fo’an stated that the current global economic growth momentum is insufficient, and the tariff war and trade war further affect economic and financial stability. China firmly upholds the multilateral trading system with the World Trade Organization at its core, advocates resolving trade and tariff disputes through equal dialogue and consultation, and will also firmly safeguard its legitimate rights and interests. All parties should further improve the international economic and financial system through strengthening multilateral cooperation, actively promote the reform of multilateral development banks, effectively promote the equity review of the International Bank for Reconstruction and Development, pragmatically improve the implementation of the Common Framework for Debt Treatment Following the Debt Relief Initiative, and encourage international financial institutions and the private sector to provide more support for fragile countries to cope with debt and liquidity challenges. All parties should gather more resources for the development of Africa, strengthen the capacity building of African institutions, and inject new momentum into Africa’s economic growth through digital and green transformation. Lan Fo’an also emphasized the stable and positive trend of China’s economy, policy orientation, and important measures taken by China to support African development. During the meeting, Lan Foan held bilateral meetings or exchanges with G20 President South African Finance Minister Godongguana, European Commission Economic and Productivity Commissioner Dombrovskis, Pakistani Finance Minister Aurangzeb, German Finance Minister Kukis, South Korean Deputy Prime Minister and Minister of Planning and Finance Choi Sang mu, Indonesian Finance Minister Hideo, British Chancellor of the Exchequer Reeves, Japanese Chancellor of the Exchequer Katsuyuki Kato, and World Bank President Peng Anji, mainly exchanging views on macroeconomic situation, key issues of G20 financial channels, and bilateral cooperation. Vice Minister Liao Min accompanied the attendance.
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