From 11-13 October, I visited Bali, Indonesia, for meetings of the G20 Finance Ministers and Central Bank Governors and the Annual Meetings of the International Monetary Fund (IMF) and the World Bank.
This was the first time the meetings had been held in Indonesia and the first time in an emerging Asian economy since the Asian Financial Crisis.
While there, I met my counterparts from Canada, Germany, Indonesia, Japan, Singapore, the United Kingdom and the United States. I also met the heads of the OECD and the IMF.
In the G20, IMF and World Bank meetings, on behalf of Australia, I delivered six interventions on topics including trade and infrastructure, the international financial system, global debt levels, monetary policy and the changing nature of work. You can read several of my public remarks here.
My central message was that Australia and the world benefit from an open, free, rules-based trading system and that cool heads must prevail to prevent recent trade tensions escalating. Australia is an example of the benefits of this system, with growth rates faster than the G7 and OECD average, a triple-A credit rating from all these major ratings agencies and 27 years of consecutive economic growth.
You can read my opinion piece about Australia’s seat at the top table here.
US Treasury Secretary, Steven Mnuchin.
Chancellor of the Exchequor, Philip Hammond.
German Finance Minister, Olaf Scholz.
Canadian Finance Minister, Bill Morneau.
Singaporean Deputy Prime Minister, Tharman Shanmugaratnam.
Argentinian Treasurer, Nico Dujovne.
Bank of England Governor, Mark Carney.
Indonesian Finance Minister, Sri Mulyani.
Japanese Deputy Prime Minister & Finance Minister, Taro Aso.
IMF Managing Director, Christine Laguarde.
Secretary General of the OECD, Angel Gurria.