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G20 finance leaders urged to boost global growth by cutting economic barriers at Asheville summit

Market News
01 Sep 2026, 00:51 WIB
Fox Business
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Bullish
G20 finance leaders urged to boost global growth by cutting economic barriers at Asheville summit

At the G20 Finance Track meetings in Asheville, Treasury Secretary Scott Bessent called on global financial leaders to focus on stronger, more durable economic growth by removing government-imposed barriers such as excessive regulations and fragmented markets. He highlighted the U.S. approach of deregulation and tax relief as a successful model to stimulate investment and wages, which was praised by IMF Managing Director Kristalina Georgieva. The summit aims to set the stage for further discussions on structural reform and financial stability ahead of the G20 Leaders' Summit later this year.

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