The G20 want to continue to support the measures that contribute to the economic recovery. At the same time, they want to avoid the aid being withdrawn prematurely, as the finance ministers and central bank chiefs of the 20 large industrialized and emerging countries announced in Washington on Wednesday.
At the same time, financial stability and long-term fiscal sustainability should be preserved. In addition, the central banks would closely monitor the current price dynamics – a reference to the rising inflation rates in many countries. The central banks would intervene if necessary to maintain goals such as price stability.
The G20 meeting took place on the sidelines of the autumn meetings of the World Bank and the International Monetary Fund (IMF) in the US capital. Federal Councilor Ueli Maurer also took part in the meeting, as a spokesman for the Federal Department of Finance said in the evening.
The IMF recently lowered its global growth forecast slightly and warned of the large differences in the economic recovery. Supply chain bottlenecks are currently causing major problems for the global economy, which is fueling inflation.