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US-hosted G20 finance meeting to target growth, imbalances, Iran sanctions, Treasury official says
WASHINGTON, Aug 27 - The Trump administration aims to have finance leaders from the Group of 20 major economies agree next week on steps to boost economic growth, reduce global imbalances and tackle sovereign debt challenges while pressing them to cut off Iran's economic lifelines, a senior U.S. Treasury official said on Thursday.
GlobeSignal-AImedium certainty
- Why it matters
- The US is using a G20 forum to coordinate pressure on Iran's economy and align major economies on growth and debt policy, shaping the terms of their financial engagement.
- Most affected
- Finance ministers from G20 nations — Will face US pressure to support Iran sanctions and align on growth and debt priorities.
Iran's economy — Subject of coordinated pressure from world's major economies via G20 finance channel. - Likely next
- Whether the G20 finance meeting next week produces a joint statement addressing these topics and the extent of agreement on Iran sanctions.
Also reported by: Middle East Eye