SAO PAULO, March 1 (Reuters) – Brazil’s presidency of the G20 believes upcoming meetings of the finance leaders of the world’s major economies may conclude without a joint statement amid a lack of consensus on how to address geopolitical issues, said a senior official on Friday.
“We are at ease with that,” the coordinator of the G20 finance track, Tatiana Rosito, said in an interview with Reuters.
“If it is not possible to have language that accommodates everyone … we may have other chair summaries, but we will always work for consensus.”
Deep divisions on how to mention the wars in Ukraine and Gaza led finance ministers and central bank governors to fail on issuing a joint statement on Thursday, despite Brazil’s efforts to focus on a short text aligning with its priorities of addressing issues such as inequalities, poverty, and climate change.
According to Rosito, the final document presented by the Brazilian presidency had “99% consensus” among members, including on topics about economic fragmentation and commodity price volatility, often related to conflicts.
“The only thing that was not agreed upon is how to explicitly address the geopolitical discussion,” she continued, emphasizing that the government believes this issue should be more appropriately addressed in the G20 diplomatic track.
For the upcoming meeting of the G20 financial track, which takes place in April on the sidelines of the International Monetary Fund (IMF) spring meetings in Washington, Rosito said that priorities will include the reform of multilateral development banks (MDBs) and financing for climate development.
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