Finance Minister Calls for Action on Global Imbalances at G20 Meeting
South Korea's finance minister emphasized the importance of addressing global economic imbalances during the G20 meeting in Bangkok.
South Korea's finance minister emphasized the importance of addressing global economic imbalances during the G20 meeting in Bangkok.
During a recent G20 meeting in Bangkok, South Korea's Finance Minister Lee Hyoung-il highlighted the urgent need for collaborative efforts to tackle global economic imbalances. This meeting took place alongside the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, marking Lee's first significant international appearance since assuming office last month.
At the gathering, Lee urged G20 members to unite in addressing supply chain disruptions caused by ongoing conflicts in the Middle East. He also called for the identification of new growth engines, particularly in light of emerging technologies such as artificial intelligence (AI).
Lee stressed the importance of strengthening supply chain resilience, protecting vulnerable populations, and investing in future growth sectors. Participants at the meeting discussed various pressing issues, including global imbalances, debt challenges, and strategies to enhance financial stability.
Expressing gratitude to the United States for chairing this year's meeting, Lee reaffirmed South Korea's commitment to contributing to global economic stability and growth. He also participated in discussions with G7 finance ministers, advocating for comprehensive macroeconomic policies and structural reforms to address these global challenges.
Where it matters
Related coverage
S. Korea, U.S. Hold First 2+2 Meeting of Finance Policymakers
Pyongyang Rejects Seoul's Hypersonic Test Claims, Justifies Arms Buildup
S. Korean Envoy Condemns Houthi Attacks, Calls for Stronger U.N. Sanctions
