"The G20 was built around a presumption that all the world's major economies shared a common interest in a stable, relatively open global economy," said Brad Setser of the Council on Foreign Relations. "But Trump doesn't really care about stability and wants a more closed global economy."

DURBAN - G20 finance ministers and central bank governors have shrugged off United States (US) President Donald Trump’s poor endorsement of the bloc’s work under South Africa’s presidency. The finance track met for a third time in Zimbali in KwaZulu-Natal (KZN) this week—with talks wrapping up yesterday.

Finance chiefs from the Group of 20 (G20) countries stressed the importance of central bank independence while pledging to boost cooperation in a joint statement issued on Friday after a two-day meeting in South Africa.

G20 finance chiefs agreed a communique on Friday that underscored the importance of central bank independence and the role of the World Trade Organisation in advancing trade issues.

Finance chiefs from the Group of 20 advanced and emerging economies said Friday that the global economy is facing

A meeting of finance ministers and central bank governors from the Group of 20 in Durban, South Africa, will seek to deepen global relationships in "turbulent times", German finance ministry sources said on Tuesday,

In opening remarks, South Africa's Finance Minister Enoch Godongwana said the G20 must provide strategic global leadership, cooperation and action in the face of complex challenges.