The world’s financial leaders agreed on Friday to maintain expansionary policies to help economies survive the effects of COVID-19, and committed to a more multilateral approach to the twin coronavirus and economic crises.
US President Joe Biden’s administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump.
The United States is pushing in the G20 for agreement on a global minimum corporate tax to stem the erosion of government revenues, US Treasury Secretary Janet Yellen said on Monday.
US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing,
US Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed on Tuesday to work together to address rising food and energy prices,
G20 health and finance ministers launched a $1.4 billion fund on Sunday to tackle the next global pandemic ahead of the bloc’s leaders gathering for a summit on the Indonesian
The global economic recovery is at risk from the rise of new coronavirus variants and poor access to vaccines in developing countries, finance ministers of the world’s 20 largest economies warned on Saturday.
Some 130 countries have backed a global minimum tax as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.
France, Germany and Italy said on Friday that a new US proposal for global minimum corporate tax rate of at least 15% was a good basis for sealing an international deal by July.