Finance minister calls for efforts to address global imbalances at G20 meeting
Finance Minister Lee Hyoung-il called for joint efforts to address shared economic challenges, including global imbalances, during meetings of financial policymakers in Bangkok, his office said Friday. Lee attended a meeting of finance ministers from the Group of 20 (G20) nations in Thailand, on Thursday, held alongside the 2026 Annual Meetings of the International Monetary Fund (IMF) and the…
Finance Minister Lee Hyoung-il advocated for collaborative action to tackle widespread economic issues, including global imbalances, during G20 finance ministers' meetings in Bangkok, according to his office on Friday. Lee took part in a G20 finance ministers' meeting in Thailand on Thursday, in conjunction with the 2026 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group, as reported by the Ministry of Finance and Economy.
This marked Lee's initial appearance at a significant global conference since assuming office last month. At the G20 gathering, Lee emphasized the importance of joint efforts to address supply chain disruptions caused by the Middle East conflict and to discover new growth opportunities driven by emerging technologies like artificial intelligence (AI).
He stressed the necessity of bolstering supply chain resilience, safeguarding vulnerable populations, and making proactive investments in future growth catalysts. During the discussions, participants addressed critical matters such as global imbalances, national debt, and strategies to enhance financial stability. Global imbalances refer to a situation where there is a disparity between the demand and supply of goods, services, and capital across different countries.
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