From Saturday, August 29th to Tuesday, September 1st, Asheville He will host the finance ministers and central bank governors of the G20. This forum brings together the world's largest economies.
It will be four days of meetings with delegations from twenty countries and organizations such as the International Monetary Fund and the World Bank.
The Treasury Department the headquarters announcedIn addition, Secretary Scott Bessent explained the choice in terms of the region's recovery following the Hurricane Helene.
The choice, he said, “reflects the administration’s commitment to the revitalization and resilience of western North Carolina, which continues to rebuild itself after the devastating impact of the hurricane.”
These are actually two consecutive meetings. On Saturday the 29th and Sunday the 30th, the undersecretaries of finance and the deputy directors of the central banks will arrive. In addition, on Monday the 31st and Tuesday, September 1st, the ministers and the presidents of the banks will join them.
What is the G20 and who is coming to Asheville?
El G20 It comprises nineteen countries, including Argentina, Brazil, Mexico, the United States, China, India, Japan, Germany, France, and the United Kingdom. The European Union and, since 2023, the African Union are also members.
Together they represent about 85% of the world's gross domestic product.
The group's presidency rotates annually among its members. In 2026, it was the United States' turn. For this reason, the meetings are held in the US.
What arrives in Asheville is the so-called financial track, known in English as finance track.
This is the technical side of the G20: no presidents or heads of state attend. Instead, the officials who manage public finances and monetary policy in each country are present. The presidential summit that closes the year will be held on December 14 and 15 in Miami.
What will be discussed
“In close coordination with the State Department, we will implement the president’s agenda for the G20, prioritizing growth-oriented economic policies,” Secretary Bessent said in a statement.
In addition, he detailed the agenda being promoted by the United States: modernizing financial regulation, improving payment systems between countries, tackling fraud and scams, increasing transparency of public debt, supporting digital assets, and promoting financial education.
You might be interested in r: Helene: What does the $706 million of the new state budget mean for Buncombe?
There will be street closures
The Treasury anticipated that the meetings would involve street closures in the city. release Regarding press accreditation, the department reported that details on security screening procedures, parking, and road closures will be received.
Although the specific locations and areas have not yet been detailed, the exact venues for the meetings and which agencies will be in charge of security are also unknown. Official updates about the event are published on [website/platform name]. G20.org.
PODCAST
After the storm
A year ago, Hurricane Helene struck western North Carolina. The Latino community responded with something stronger than the storm: solidarity.
🎧 In this episode, learn how Latino organizations transformed crisis into resilience.
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