A more streamlined G20 process would be in line with Bessent's call in April for the International Monetary Fund and World Bank to focus on their core missions of financial stabil

South Africa’s Godongwana said that sustainability finance and global trade imbalances were the key sticking points.

G20 finance officials have collectively raised concerns about geopolitical tensions and the uncertainty around tariff hikes.

DURBAN (Reuters) -Major economies cannot allow uncertainty to become the new norm even though they face a novel world of growing trade restrictions and tariffs, Canada's finance minister said on Thursday.

At the G20 meeting in Durban, Canada's finance minister emphasized the need to combat the prevailing uncertainty caused by trade restrictions and tariffs. With discussions overshadowed by U.S. policies,

National Treasury said that finance ministers and central bank governors were on the brink of reaching consensus as fiscal and monetary policy leaders meet for a third time under South Africa’s G20 presidency.