G20 finance ministers and central bankers discuss anti-terrorism financing

EPA / DOMENIC AQUILINA

Britain's Chancellor of the Exchequer Philip Hammond arrives for the Informal Meeting of Economic and Financial Affairs Ministers (ECOFIN) at the Grandmaster's Palace in Valletta, Malta, 07 April 2017. The informal meeting of EU Finance Ministers, taking place every six months according to the rotating Presidency of the EU Council, runs from 07 to 08 April. Malta took over the EU Presidency on 01 January 2017.

G20 finance ministers and central bankers discuss anti-terrorism financing


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Anti-terrorism financing is on the table for the finance ministers of the 20 strongest global economies, G20.

The G20 session takes place at the Spring Meetings of the International Monetary Fund (IMF) and World Bank meetings in Washington. G20 Finance Ministers and central bank governors meet to discuss cooperation on financial and economic issues.

While no statement is expected to be issued after Friday’s meet-up, as Britain’s Chancellor of the Exchequer Philip Hammond told reporters in the US capital. According to Hammond, multilateral anti-terrorism initiatives were on the G20 agenda and Britain supports them.

Furthermore, the anti-terrorism topic that dominates the G20 meeting agenda, is a good way to help new US Donald Trump administration the value of cooperating with multilateral organizations. “It’s for the multilateral organizations to demonstrate their value,” said Hammond while being doorstepped by reporters at the British Embassy in Washington.

“The new administration comes into office with, shall we say, a degree of skepticism about the value of the multilateral organizations,” Hammond added.

“I think there is an appetite among G20, G7 partners to look for areas where we can demonstrate by our actions, rather than words, to the new U.S. administration how these multilateral organizations can help the U.S. administration to achieve its objectives,” concluded Hammond.

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