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Climate, taxation, international solidarity: small steps and big blockages of the United States

2020-11-21T22:58:58.218Z


FOCUS - The G20 cooperation force, meeting at a virtual international summit this weekend, has stalled in recent years, especially because of Sino-US tensions.


Despite the scale of the crisis, the G20 response to the Covid-19 pandemic will have been far from being as coordinated and comprehensive as that of 2009 after the Lehman Brothers crash which resulted in massive recapitalizations and a unprecedented strengthening of international financial regulation.

The strength of cooperation of the G20, its ability to steer the world economy, has stalled in recent years.

At issue: the tensions between the two great powers, China and the United States.

Read also:

At the G20, a "historic" agreement on the debt of poor countries

Washington is blocking in particular the taxation of digital technology and the fight against climate change.

However, the health and economic responses to the crisis were quite similar among the members of the G20.

And quite quickly, in the spring, the G20 took measures to help the poorest countries.

Solidarity deemed insufficient by NGOs as well as by the IMF and the World Bank, but which has just been reinforced on the debt.

● Aid to poor countries

The gesture is considered

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Source: lefigaro

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