Lawrence Wong to attend G-20 finance ministers' meeting in Riyadh this weekend

SINGAPORE – Minister for National Development and Second Minister for Finance Lawrence Wong will be attending a meeting of G-20 finance ministers and central bank governors in Riyadh, Saudi Arabia, from Feb 22 to 23.

The meeting will discuss key risks and policy responses to the global economy, financial resilience and development, infrastructure investments, international taxation, and possible options in enhancing access to opportunities for all, the Ministry of Finance (MOF) said in a statement on Friday (Feb 21).

Mr Wong also co-chairs Singapore’s multi-ministry task force on the coronavirus.

Bank of Japan Governor Haruhiko Kuroda said on Friday before departing for the meeting that the impact of the coronavirus outbreak on global growth will be a key issue there, underscoring growing concern over the economic fallout from the epidemic, Reuters reported.

This will be the first such meeting under Saudi Arabia’s presidency of the Group of 20 or G-20, which gathers the financial leaders of 19 of the world’s largest economies and the European Union.

Mr Wong will be accompanied by officials from MOF and the Monetary Authority of Singapore.

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