Commissioner Moscovici participates in G20 Finance Ministers and Central Bank Governors Meeting in Chengdu, China

Commissioner Moscovici will represent the European Commission at the G20 Finance Ministers and Central Bank Governors’ Meeting on 22-24 July in Chengdu, China. The agenda of the ministerial meetings includes discussions on the Global Economy, a Framework for Strong, Sustainable and Balanced Growth, Financial Sector Reform, the International Financial Architecture, Investment and Infrastructure as well as International Taxation issues. Green finance, Climate finance and Anti-terrorist Financing will be also covered by the ministerial working sessions. In addition to the ministerial meetings, a G20 high-level Tax Symposium on tax Policy opportunities for Strong, Sustained and balanced Growth will take place on 23 July. Referring to the agenda, Commissioner Moscovici said: “Chengdu will host the first G20 Finance Ministers’ meeting after the UK referendum, which has triggered an increase in economic uncertainty as well as financial market volatility. To mitigate the impact of this uncertainty, we need to continue our focus on jobs and growth, delivering the right mix of reforms, investment and smart fiscal policies. In these circumstances it is more important than ever that the G20 acts on its commitment to use all available tools to support growth.” The discussion in Chengdu will constitute an important step towards the G20 Hangzhou Leaders’ Summit on 4-5 September.