G20 finance ministers and bank chiefs met in Argentina

Buenos Aires, July 21 (TASR) – The meeting of G20 Finance Ministers and Heads of Central Banks is likely to be the future of world trade. The reason is the current customs disputes. The meeting takes place this weekend (21 and 22 July) in Buenos Aires, Argentina.

The meeting takes place in the midst of trade disputes between the United States and China and the European Union (EU). "

" We are afraid of a further escalation of this trade conflict ", said the head of the Swiss National Bank (SNB), the head of the Swiss National Bank (SNB) Thomas Jordan "Switzerland wants to strengthen free and fair trade to make the market fair for all open economies." Switzerland is invited to the G20

German Finance Minister Olaf Scholz, Secretary from the US Steven Munchin, Chinese Finance Minister Liou Kchun, Christine Lagarde, head of the International Monetary Fund (IMF), Jim Yong Kim, chief of the World Bank, or José Ángel Gurría, secretary general of the 39 Organization for Economic Cooperation and Development (OPEC)

On Friday, July 20, Argentine President Maurice Macri, Finance Minister Nicolás Dujovn and the Governor of the Central Bank of Argentina, Luis Caput, met.The IMF has recently pledged Argentina 's financial assistance of $ 50 billion (42.84 billion euros). The government, in turn, pledged to reduce the budget deficit and stifle inflation

"The IMF supports the Argentine government's reform plans," Lagarde writes after meeting the Twitters. In Argentina, there is a lot of resistance to the loan because the IMF is tied to severe austerity measures.

85% of world economic performance and 75% of world trade belong to the G20 countries