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Finance Minister Leaves for Mexico to Attend G-20 Meeting
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South Korea's finance minister will attend a meeting with his counterparts from the group of 20 (G-20) countries in Mexico this week to discuss how to increase global cooperation in tackling economic challenges, his office here said Thursday.

The G-20 meeting of finance ministers will kick off its two-day run in Mexico City on Saturday. Ranking officials of its member countries and major international organizations will take part in the gathering.

This is the first finance ministers' meeting to be chaired by Mexico this year. Spain, Chile, Colombia, Cambodia and Benin were also invited to join the meeting.

The G-20 meeting comes ahead of planned summit talks, providing a chance to set the agenda to be discussed among leaders when they meet in June in Los Cabos, Mexico.

Participants are expected to exchange views on the latest global economic situations such as the eurozone debt problems, while discussing how to step up cooperation in dealing with worldwide economic turmoil, the finance ministry here said in a press release.

Other topics will be how to improve member countries' fiscal soundness, strengthen the crisis surveillance capacity of the International Monetary Fund, ease volatility of raw material prices and cooperate in pushing for "green growth."

South Korea's Finance Minister Bahk Jae-wan is to hold bilateral talks with his counterparts from Mexico, Germany, Japan, Indonesia and Singapore. During the talks, he will exchange views on diverse global economic issues, according to the ministry.

South Korea also plans to sign a memorandum of understanding with Mexico to cooperate in sharing its development know-how through the so-called "Knowledge Sharing Program," the ministry added.

Source Text


Source: Yonhap News (Feb. 23, 2012)

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