G20 Central bank officials meet to prepare for governors’ meeting

The Director-General of South Africa’s Treasury, Dr Duncan Pieterse has told delegates at the G20 finance working group meeting that the virtual talks held last week were constructive.

Senior officials from G20 national treasuries and central banks are meeting at Zimbali near Ballito on the North coast of Durban over the next two days.

They are laying the groundwork for a meeting by ministers of finance and central bank governors later in the week.

Pieterse says one of the issues under discussion is the restructuring of debt globally towards attaining global sustainable development goals.

“We’ll start this morning’s session with an update from the Council of Europe Development Bank – the CEB – on the multilateral development banks’ monitoring and reporting framework which is a critical tool for tackling the implementation of the G20 MDB road map as it enables MDB’s to asses how they are working better as a system, enhancing the effectiveness and maximising developmental impact.”