Last month, G20 finance ministers failed to agree to a joint communique, which sets out agreements and tasks for the body, amid disagreement over a number of key issues, as reported by the Financial Times.
Casting further doubt over the future of such global collaboration, the finance ministers from several key countries — including the US, China, Japan, Canada, India, and Mexico — skipped the meetings in South Africa. Instead, those countries were represented by their ministers' deputies.
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