G-20 nears deal on communique

South African Finance Minister Enoch Godongwana said the Group of 20 nations are nearing a deal on a communique.

“We are closer to making a deal and achieving a consensus that will emerge as a communique tomorrow,” Godongwana said in a Bloomberg Television interview Thursday on the sidelines of a G-20 meeting in the eastern coastal province of KwaZulu-Natal.

“I suspect there will be a communique.”

South Africa, which assumed the presidency from Brazil in December, has been unable to get consensus on a communique at two previous G-20 finance ministers and central bank governors’ meetings this year.

The sticking points include wording on sustainable financing coming from the US delegation and a reference to global imbalances on China’s side, the finance minister said.

Read: G20 nearing deal on communique, says SA finance minister

“If we can achieve one it will be a major achievement,” Godongwana said

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