<p><span>The Financial Stability Board (FSB) today published a </span><a href="https://www.fsb.org/2022/10/fsb-chairs-letter-to-g20-finance-ministers-and-central-bank-governors-october-2022/">letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors</a><span> ahead of their meeting on 12-13 October.</span></p>
<p><span>The Financial Stability Board (FSB) today published the </span><a href="https://www.fsb.org/2022/10/g20-roadmap-for-enhancing-cross-border-payments-priorities-for-the-next-phase-of-work/">priority themes</a><span> for the next phase of work under the G20 Roadmap for Enhancing Cross-Border Payments, two years after the Roadmap was launched. The plan includes the practical steps to be taken to strengthen external engagement during this next phase of the work.</span></p>
G20 Chair s Summary: Third G20 Finance Ministers and Central Bank Governors Meeting miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
<p><span>The Financial Stability Board (FSB) today published for public feedback an </span><a href="https://www.fsb.org/2022/07/developing-the-implementation-approach-for-the-cross-border-payments-targets/">interim report on the approach for monitoring progress</a><span> toward meeting the targets for the </span><a href="https://www.fsb.org/2020/10/enhancing-cross-border-payments-stage-3-roadmap/">G20 Roadmap for Enhancing Cross-border Payments</a><span>. The report provides preliminary recommendations about key performance indicators (KPIs) that could be used to monitor progress over time and identifies existing and potential sources of data for calculating those KPIs.</span></p>
<p><span>1. The global economic recovery is continuing. However, new waves of COVID-19 infections and the emergence of new variants are impacting the pace of recovery. Recovery is expected to be asynchronous, partly due to uneven access, delivery and uptake of vaccines, therapeutics, and diagnostics, with an increased likelihood of narrower and uneven macroeconomic policy space. Supply disruptions, supply-demand mismatches, and increased commodity prices, including energy prices, have also contributed to rising inflationary pressures in a number of countries and pose potential risks to the global economic outlook. We will continue to strengthen the resilience of global supply chains. We remain vigilant of the impacts of these challenges on our economies. We will also continue to monitor major global risks, including from geopolitical tensions that are arising, and macroeconomic and financial vulnerabilities. We will undertake a more systematic analysis of macroeconomic risk