Auspicious and US No Walk-Out

Bali, CNBC Indonesia – The Third Meeting of G20 Finance Ministers and Central Bank Governors (FMCBG) has passed on the first day. The meeting which promised to be hot turned out to be the opposite.

Even US Treasury Secretary Janet Yellen stayed in the room until the meeting was over.

“No one is going out,” Finance Minister’s Special Staff for Macroeconomics and International Finance Weempi Saputra told CNBC Indonesia on Friday (7/15/2022)

At the previous meeting in Washington DC, three countries, namely Britain, the United States (US) and Canada, made a coordinated exit from the G20 meeting when Russian representatives expressed their point of view.

The move was seen as a form of protest against Russia’s attack on Ukraine that began on February 24.

Photo: REUTERS/Pool
U.S. Treasury Secretary Janet Yellen attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia July 15, 2022. Made Nagi/Pool via REUTERS

It is estimated that the heat of the meeting will also occur in Bali. Moreover, yesterday United States (US) Treasury Secretary Janet Yellen made a strong statement, which said that Russia had no place in the G20 meeting.

“Russia’s actions are not government actions in accordance with international law and standards, representatives of Putin’s regime have no place in this forum, we stand firm with the Ukrainian people and I look forward to welcome Ukraine’s finance ministers to tomorrow’s G20 meeting,” Yellen said. said yesterday.

The 18 finance ministers of the G20 delegation present were the Indonesian finance minister, the South African finance minister, the US finance minister, the Saudi finance minister, the Australian finance minister, the Indian finance minister.

There are also Italian Finance Ministers, German Finance Ministers, Japanese Finance Ministers, South Korean Finance Ministers, Deputy Prime Minister simultaneously Canadian Finance Ministers, French Finance Ministers, Ministers Finance Ministers, European Union Finance Ministers and Dutch Finance Ministers.

Also physically present were the Minister of Finance of Senegal, the Minister of Finance of Switzerland and the Deputy Minister of Finance of Russia.

Virtually attending, among others, Finance Minister of the People’s Republic of China (PRC) Liu Kun, Finance Minister of Russia Anton Siluanov and Finance Minister of Ukraine Serhii Marchenko.

Meanwhile, the 11 central bank governors who attended came from South Africa, Saudi Arabia, Australia, the Netherlands, India, Indonesia, England, Japan, Germany, South Korea and France.

The three topics discussed today are the global economy, health and the global financial architecture. “Everything went as planned,” Wempi said.

[Gambas:Video CNBC]

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Robert Butler

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