Overview
- G20 finance ministers and central bank governors ended their fourth 2025 meeting in Washington with a Chair Summary rather than a communique, noting a resilient global outlook but risks from geopolitical tensions, supply chain disruptions, elevated debt and severe weather.
- They adopted a ministerial debt declaration that calls for stronger debt sustainability work, fuller transparency from all creditors, greater borrower voice and a more predictable and timely G20 Common Framework.
- Officials endorsed the 2025–2030 Finance Track Africa Engagement Framework to coordinate multi-year support for economic and financial objectives across the continent.
- Ministers pressed for reforms to expand multilateral development bank lending capacity and developing-country influence while pushing work to scale private infrastructure investment, enhance cross-border payments and examine AI’s regulatory and macroeconomic implications.
- Debt campaigners, including the European Network on Debt and Development and Jubilee USA, said the steps lack ambition, citing $921 billion in interest payments by developing countries in 2024 and calling for clearer solutions.