The Governor of the Bank of England called for "global cooperation and participation" at the G20b meeting, but the absence of Trump's Treasury Secretary affected the conference.

Bank of England Governor Bailey urged the world's most influential finance officials to accept "global cooperation and engagement" at the G20 meeting, but the absence of US Treasury Secretary Yellen impacted the meeting. This is the first letter Bailey has sent to G20 finance ministers and central bank governors as Chair of the Financial Stability Board, highlighting the current tensions. He stated that economic and geopolitical tensions are escalating, global debt vulnerabilities remain high, and uncertainty continues to "weigh on growth expectations."