10 October 2017
Media Release - #2017099, 2017

Treasurer to attend G20, IMF and World Bank Meetings in the US

This week I will attend the International Monetary Fund (IMF) and World Bank Annual Meetings in Washington D.C. on 13-14 October 2017.

These meetings are an opportunity to discuss some of the emerging positive trends in the global economy and the better days that are ahead.

I will also attend a G20 Finance Ministers and Central Bank Governors meeting on 12-13 October.

At the IMF meetings, I will emphasise the critical role that structural reform plays in driving long term growth and the importance of remaining open to trade.

My meetings in Washington will provide an opportunity to contribute directly to the policy direction and work of the IMF and the World Bank and to discuss their recent reforms and initiatives.

When I meet with my G20 counterparts, we will consider ways to improve the current state of the global economy, along with considering initial progress on reviewing global financial governance, and efforts on financial sector reform and strengthening international taxation cooperation. We will also confer on priorities ahead of Argentina’s 2018 G20 Presidency.

While in the US, I will take the opportunity to hold a number of bilateral meetings with my counterparts from countries and regions of economic significance to Australia – including the United States, Singapore, South Korea and PNG.

I will also meet with Ministerial counterparts and senior business people [the heads of Goldman Sachs and Morgan Stanley] to discuss the economic outlook and opportunities and challenges on Fintech and in the financial services sector.

I look forward to showcasing Australia’s continuing strong economic performance, particularly as our economy transitions to new sources of growth.