G20 finance ministers and central bank governors wrapped up their two-day meeting Friday with a joint pledge to strengthen multilateral cooperation in response to mounting global economic risks, Xinhua reported.

In a communique, they cited ongoing conflicts, trade tensions, supply chain disruptions, high debt levels, and climate-related disasters as key concerns. South African Finance Minister Enoch Godongwana acknowledged the difficulty of reaching consensus but said the group remained committed to cooperation.

The ministers agreed to promote long-term growth through sound macroeconomic policies, investment, and central bank independence. They also backed reforms to make the World Trade Organization more responsive and called for urgent action on debt burdens in developing nations, along with stronger representation in global financial institutions, according to Xinhua.