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G20 members urged to push stakeholders to support global economic recovery

By Zhang Yue | chinadaily.com.cn | Updated: 2023-02-24 22:19
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G20 members should work to push all stakeholders into mobilizing more financing for development through various channels to inject impetus for global economic recovery and growth, China's finance minister Liu Kun said on Friday.

Liu made the remarks when joining a meeting of the bloc's finance ministers and central bank governors in Bengaluru, India, via video link, according to a news release from the finance ministry's website.

Noting that the current uneven development is the biggest challenge facing all countries, Liu said China has expanded its investment in implementing the Global Development Initiative, and has contributed to scaling up international development resources

Liu also urged G20 nations to conduct a fair, objective and in-depth analysis into the causes of global debt issues and to resolve the problem in a comprehensive and effective manner.

The role of infrastructure in economic and social development shall be further underlined, Liu said. The role of fiscal and financing channels under G20 shall be brought into full play in building consensus and mobilizing resources, and to scale up financing in global infrastructure investment from both the public sector and the private sector, and multilateral development agencies .

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