During the opening of the G20 finance ministers' meeting in Sao Paulo on Thursday, Brazil called for a 'new globalization' to tackle poverty and climate change. However, the gathering ended without a joint statement due to deep divisions among members over how to address the ongoing wars in Ukraine and Gaza. Despite efforts, finance leaders from the world's top economies could not reach consensus on a closing communique, with Russia and mostly Western nations at loggerheads. Brazil, as the host, prepared a chair summary noting labor market dynamics and discussions on ongoing wars, conflicts, and humanitarian crises, particularly highlighting Ukraine and Gaza. The Brazilian G20 presidency remarked that the finance track is not the most appropriate forum for resolving these geopolitical conflicts.
The G20 did not issue a joint statement due to disagreements over the conflicts in Ukraine and Gaza https://t.co/uyQikriOfn https://t.co/FdvyYlyWTS
Finance leaders from the world's largest economies failed to agree on a joint statement as they wrapped up talks, with divisions over the wars in Gaza and Ukraine overshadowing efforts to forge a consensus on global economic development https://t.co/xxRENYKSe4
Divided G20 blocked by ‘impasse’ over Ukraine, Gaza https://t.co/uR3tFa4U2R
The first meeting of the year of finance ministers from the Group of 20 top economies ended Thursday without a joint statement because members were divided over ongoing "geopolitical conflicts," said host Brazil. #cgtnamerica
Brazil Chair G20 summary: Labor market dynamics have been uneven across economies. Ministers exchanged views on ongoing wars, conflicts and humanitarian crises, highlighting Ukraine and Gaza. The Brazilian G20 presidency noted that the finance track is no the most appropriate…
Finance leaders of the G20 major countries have not reached a consensus on a joint statement, amid deep divisions over geopolitical conflicts, so Brazil is preparing to give a chair summary as talks conclude on Thursday, four G20 sources told Reuters. #cgtnamerica
The G-20 finance chiefs are set to end their meeting in Sao Paulo without agreement on a closing communique, amid divisions over Gaza and Ukraine https://t.co/wZbEAJi0aD
⚠️ G20 FINANCE LEADERS STILL AT ODDS OVER LANGUAGE ON GAZA, UKRAINE - SOURCES (Reuters) Finance leaders of the G20 major countries are still discussing how to describe the wars in Ukraine and Gaza in a joint communique, with Russia and mostly Western nations at loggerheads over…
Brazil called for a "new globalization" to address poverty and climate change as finance ministers from the world's top economies met Wednesday, but the wars in Ukraine and Gaza risked overshadowing that plea. https://t.co/gmrrDtD8x1
Brazil calls for a 'new globalization' to address poverty and climate change at opening of #G20Brasil finance ministers meeting, but Ukraine and Gaza wars risk overshadowing plea ⬇️ https://t.co/zWa5sb32w6