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Gist of draft communique by G-20 finance leaders

  • June 7, 2019
  • , Kyodo News , 3:57 a.m.
  • English Press

TOKYO — The following is the gist of a draft joint statement obtained by Kyodo News on Thursday ahead of the meeting of Group of 20 finance ministers and central bank governors over the weekend in Fukuoka, Japan.

 

The G-20:

 

— will step up efforts toward new taxation rules on multinational digital companies and draw up a final report by 2020.

 

— expects the world economy to grow moderately later this year and into 2020.

 

— will monitor downside risks including global trade tensions and respond if they materialize.

 

— need to monitor all components of the current account to address global imbalances and mitigate risks to growth.

 

— will seek the transparency of debt management for infrastructure projects in developing countries.

 

— will step up efforts against money laundering and funding of terrorist groups through the use of virtual assets.

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