Axar.az
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20 August 2017


G20 finance leaders discuss anti-terrorism efforts

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Finance leaders from the Group of 20 major economies were expected to discuss ways to better combat the financing of terrorism on Friday, in part as a way to demonstrate the value of the group to the Trump administration.

Axar.az reports that the G20 session on the sidelines of the International Monetary Fund and World Bank spring meetings comes just over a month after the group dropped an explicit pledge to fight against protectionism from the communique of its meeting in Baden-Baden, Germany, at the insistence of U.S. Treasury Secretary Steven Mnuchin.

The G20 is not expected to issue a new statement after Friday's meeting, which comes amid tension between the Trump administration's plans to shrink U.S. trade deficits and IMF warnings that increasing trade barriers will stunt economic growth.

British finance minister Philip Hammond told reporters that multilateral anti-terrorism initiatives were on the G20 agenda and that Britain supports them.

U.S. President Donald Trump has made efforts to stop the flow of money to terrorist groups and to sanctioned states such as North Korea a priority and has sought the help of other countries, including China.

Date
2017.04.21 / 21:44
Author
Axar.az
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