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BOE's Bailey Urges ‘Global Cooperation and Engagement' at G-20
Bank of England Governor Andrew Bailey pressed the world's most powerful finance officials to embrace 'global cooperation and engagement' at a Group of 20 meeting that has been marred by the absence of US Treasury Secretary Scott Bessent.
In his first dispatch to G-20 finance ministers and central bank governors as chair of the Financial Stability Board, Bailey noted the fraught backdrop. Economic and geopolitical tensions have increased, he said, while global debt vulnerabilities remain high and uncertainty continues to 'weigh on growth expectations.'
