Finance ministers and central bank heads from the world’s twenty largest economies will meet on Thursday and Friday in the Indonesian capital Jakarta to talk about how to revive the global economy from the COVID-19-induced downturn in many developing countries. But if the past two G20 meetings are anything to go by, they’re likely going to discuss everything but the one issue that concerns the world’s poorest countries more than anything else: debt.
Monetary tightening in the U.S. and Europe will likely top the agenda which is also a big concern to developing countries given the impact that it will have on their currencies. “I think the most important discussion will be on inflation developments,” one European G20 official involved in preparations for the meeting said.