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2025-12-16 09:51:55
[US Plans to Simplify G20 Finance Ministers' Meeting Mechanism] 1. The United States plans to simplify the G20 finance ministers' meeting mechanism to reduce the number of meetings, aiming to make the forum more focused on core macroeconomic issues. 2. According to sources, the United States will begin to reduce the frequency of meetings between G20 finance ministers as part of streamlining the multilateral process. Specific measures include the US planning to abandon hosting the G20 finance ministers and central bank governors meeting, which is usually held in February each year. A White House official stated that the meeting will instead be attended by officials at the deputy finance minister level. 3. Under the current framework, the G20 typically holds dozens of working-level and ministerial meetings throughout the year, culminating in a leaders' summit. Finance ministers usually meet twice in their host country and once each during the spring and autumn meetings of the International Monetary Fund and the World Bank. 4. After the adjustment, the United States, as the 2026 G20 chair, plans to host only one meeting in August next year, attended by finance ministers and central bank governors from all member countries. The U.S. side stated that this move aims to streamline the ministerial agenda, freeing up time for more focused and in-depth dialogues, and pushing the forum back to its core mission of macroeconomic policy coordination.
