China News Service, Beijing, February 18 (Reporter Zhao Jianhua) Indonesia, the presidency of the Group of Twenty (G20), hosted a meeting of G20 finance ministers and central bank governors on February 17-18.
The first day of the meeting discussed topics such as global economy and health, international financial architecture, and financial sector regulation.
Chinese Minister of Finance Liu Kun attended the meeting and delivered a speech by video.
Regarding the global economy and health, Liu Kun made three propositions:
One is to unite and cooperate to defeat the epidemic.
China is willing to work with other parties to advance the reform of the health governance system under the WHO framework and jointly build a stronger global health governance structure.
The second is to strengthen macro policy coordination.
Major developed countries should adopt responsible macroeconomic policies and control the spillover effects of policies.
The third is to expand the cause of global development.
China is willing to strengthen policy coordination and practical cooperation with all parties to promote common development and leave no country behind.
In response to the debt issue, Liu Kun emphasized that China is the biggest contributor to the success of the debt relief initiative and has responded to all applicants who meet the conditions for the debt relief initiative.
China's contribution to the implementation of the debt suspension initiative is obvious to all, and we expect relevant countries and multilateral institutions to make contributions comparable to China's.
China is willing to work with all parties to implement the Common Framework for Follow-up Debt Handling of the Debt Suspension Initiative in a solid and orderly manner based on the principle of "joint action and fair burden".
Liu Kun said that China advocates that all parties follow the existing G20 consensus, abide by the case-by-case principle, respect the independent decisions of debtor countries, and steadily advance relevant work in a practical and feasible way.
At the same time, multilateral creditors such as the World Bank should also substantially participate in debt relief actions and provide support to low-income countries.
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