February 20, 2025 1:42 PM

US Treasury’s Bessent to skip G20 meeting in South Africa

U.S. Treasury Secretary Scott Bessent said on Wednesday he will skip next week's meeting of finance ministers and central bank governors from the Group of 20 major economies in Cape Town, South Africa. The decision to miss the regular gathering of finance leaders from the world's largest economies is highly unusual for a U.S. Treasury secretary, as the U.S. often leads G20 agreements on financial and monetary policy matters. Bessent said in a post on X that he would not attend the summit due t...