G20 ministers to finalize agenda in Seoul Summit
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The G20 finance ministers and central bank governors' meeting kicked off Friday, seeking to review and finalize issues to be submitted at the upcoming G20 Seoul Summit.
Hosted by the G20 chair South Korea in the city of Gyeongju, the two-day ministerial gathering is scheduled to check up all the agenda items to be discussed at the following meeting.
The meeting brought together top-level officials from the 20 member countries, together with those invited from non-member countries and international organizations such as the International Monetary Fund (IMF).
The meeting will start with a session on global economy, where participants will share views and diagnose the current economic recovery pace.
The officials are also expected to add final touches on impending issues such as foreign exchange policies, the creation of financial safety nets and more regulatory oversight of financial institutions, which will directly be submitted to the Seoul Summit.
The issues have been finally reviewed by vice-minister meetings on Thursday, during which participants went more into details.
On top of the list lies the foreign exchange issue, on which countries have been going through a sharp conflict.
As the boiling issue has been the highest priority for the past few weeks, worried by many experts that it may lead into a possible trade war, the vice-ministerial meeting went deep into the issue, and it ended with satisfactory results, media here said, brightening the Friday-Saturday meeting.
At the minister meeting, officials are expected to put further efforts to iron out differences on the matter, which will be continued to the Seoul Summit where the South Korean government vowed to settle the issue.
