G20 Finance Ministers Struggle for Consensus on Conflict Wording at Sao Paulo Meeting

At the Meeting of G20 Finance Ministers and Central Bank Governors, Russia and Western countries are mainly at the forefront of the wording of the joint statement on how to describe the war in Ukraine and the Palestinian autonomous region of Gaza. The photo was taken in Sao Paulo on the 29th (2024 Reuters / Carla Carniel)

[サンパウロ ２９日 ロイター] – The meeting of G20 Finance Ministers and Central Bank Governors ended on the 29th in Sao Paulo, Brazil. The two leaders decided not to adopt a joint statement because they were unable to reach a consensus on the wording regarding the conflict in the Palestinian autonomous region of Gaza and Ukraine.

Brazil’s finance minister, Adaji, said the failure to reach a consensus at the G20 foreign ministers’ meeting last week had a negative impact on the finance ministers’ efforts to adopt a joint statement.

According to sources familiar with the matter, the negotiations continued until the last moments over the language surrounding the conflict, with Russia and the main Western powers at odds with the wording.

Mr Adaj said there were times when the differences narrowed down to one word.

According to sources familiar with the matter, the Group of Seven (G7) countries supported the description of Russia’s attack on Ukraine as a war “on” Ukraine, while Russia called for the phrase “in “Ukraine.

The G7 countries also supported a plan that described the war in Gaza as a “humanitarian crisis” and made no mention of Israel.

Brazil tried to focus the talks on economic cooperation to tackle challenges such as climate change and poverty, while Germany and others continued to press for a joint statement on the war in Ukraine and Gaza. .

In a chairman’s summary issued instead of the joint statement, Brazil said the G20 finance ministers’ meeting was not the most appropriate forum to resolve differences over the wars in Ukraine and Gaza.

As part of its efforts to reduce inequality, Brazil, the country’s chairman, has proposed negotiating a global minimum tax rate that would increase taxes on the rich.

The Minister of Finance, Adazi, said on the 29th that he aims to draw up a statement on the concept of an international minimum tax rate for the wealthy by the G20 summit in July. He said he was planning a report from the European Tax Supervisory Authority, which advocates the introduction of a global wealth tax.

The French Minister of Economy and Finance, Le Maire, expressed support for the idea on the 28th.

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