MOEF to Attend 3rd G20 Finance Ministers Meeting in South Africa

Choi Jiyoung to Attend Event on July 17-18
Calls for International Cooperation and Implementation of MDB Roadmap

Choi Ji-young, Deputy Minister for International Economic Affairs at the Ministry of Economy and Finance, will depart on July 17 to attend the 3rd G20 Finance Ministers and Central Bank Governors Meeting, which will be held in Durban, South Africa, from July 17 to 18.

This event will take place under the slogan of "Solidarity, Equality, and Sustainability," proposed by South Africa, the G20 chair country for this year. It follows the 1st meeting in Cape Town, South Africa, and the 2nd meeting in Washington, D.C., United States, making it the third meeting of the year. The event will consist of a total of seven sessions, covering topics such as the global economy, the international financial system, and infrastructure. Discussions will focus on current global economic issues and ways to enhance international cooperation.

On July 17, Deputy Minister Choi will emphasize the need for international cooperation to address rising global economic uncertainty during Session 1. In addition, she will propose the necessity of adopting artificial intelligence (AI) to improve productivity. In Session 2, she plans to call for the steady implementation of the multilateral development bank (MDB) reform roadmap, which was approved at last year’s G20 Summit.

On July 18, she will participate as an outreach country representative in the 4th G7 Finance Ministers Meeting, which will be held alongside the 3rd G20 Finance Ministers Meeting. During Session 2, which will focus on "supply chain resilience," she will introduce South Korea's efforts to stabilize its supply chains.