16 October 2019

IMF, World Bank & G20 meetings in the United States

From 16 to 20 October, I will travel to Washington D.C. to attend the Annual Meetings of the World Bank and International Monetary Fund (IMF), as well as the G20 Finance Ministers and Central Bank Governors meetings.

I will hold discussions with Australia’s regional neighbours, significant trade and investment partners, G7 economies and leaders of international financial institutions. These meetings will be used to discuss the challenges and opportunities flowing from the current conditions in the global economy.

I will also participate in ministerial meetings of the IMF, World Bank and G20 in conjunction with Central Bank Governors, covering issues such as financial stability, global financial architecture, international taxation and risks to the global economic outlook.

Australia has a seat at the top table when it comes to global economic matters. I will ensure Australia’s economic interests are protected and our successes recognised, while reaffirming our commitment to an open, free, rules-based trading system.

Our strong, growing economy is an example of the benefits of free trade and investment. Australia has seen 28 consecutive years of economic growth and we are one of only 10 countries in the world to have a triple-A credit rating from all three major ratings agencies.

Free trade equals more jobs, more investment and higher economic growth. I will send the clear message that this has been the lesson for the Australian economy in the past and that this will guide us in the future.

Driving a strong and relevant agenda through international institutions is essential for Australia to ensure they remain capable of addressing new global challenges.

I look forward to representing Australia’s interests in this forum and emphasising the need for global cooperation.