The G20 gathering in the Italian city of Venice was the ministers' first face-to-face meeting since the start of the pandemic
The landmark agreement aims to revamp rules that have allowed major companies to save billions by shifting profits to low tax jurisdictions
G20 members to back carbon pricing role for the first time in the climate fight
The deal aims to discourage the use of often-complex accounting schemes to move profits to where the least tax is due.
If all goes to plan, the new tax rules should be translated into binding legislation worldwide before the end of 2023.
The world's financial leaders will endorse on July 9-10 a deal setting a global minimum corporate tax: draft communique
The countries aim to reach a consensus at the meeting on the details, as much technical work has already been done.
The G20 Debt Service Suspension Initiative (DSSI) has already helped countries defer some $5.7 billion in payments through the end of 2020
Sitharaman participated virtually in the First G20 Finance Ministers and Central Bank Governors meeting under the Italian Presidency to discuss policy actions for transformative and equitable recovery
The G20 is also likely to agree to extend a suspension of debt servicing for poorest countries by another six months
Finance ministers and central bank governors of the world's top 20 economies, called the G20, will hold a video-conference on Friday and the global response to the unprecedented havoc wreaked by Covid
At this critical moment, vaccine equity is the biggest moral test facing the global community, he said. "We must ensure that everybody, everywhere, can be vaccinated as soon as possible"
The comments were made at the G20 virtual summit
This year's report analyses G20 countries' performance across 100 indicators of climate adaptation, mitigation and finance, among other things
PARIS/TOKYO/WASHINGTON (Reuters) - The United States, China and other G20 countries on Friday agreed for the first time on a common approach for restructuring government debt as the coronavirus crisis leaves some poorer nations at risk of default.
The world map on the new 20 Riyal banknote does not feature Jammu & Kashmir, and Ladakh as part of India.
She said creditors should adopt contractual provisions to minimize economic disruption, increase transparency and endorse a common framework agreed in principle by the G20 last week
IMF Managing Director Kristalina Georgieva said only three eligible countries had even reached out to private creditors out of fear of marring their ability to borrow in the future
Finance ministers and central bankers from China, the United States and other G20 countries mapped out their plans in a draft communique
CEOs from around the world call for urgent policy reforms