Finance ministers and central bank governors from the world’s major economies are set to discuss the economic fallout from the Iran war, rising energy prices, inflation, interest rates and mounting public debt at a G20 meeting in Bangkok on Thursday.The meeting is being held alongside the annual meetings of the International Monetary Fund (IMF) and the World Bank from October 12 to 18.Disruptions to shipping through the Strait of Hormuz have pushed up global energy prices, putting pressure on government spending and household budgets, particularly in the Gulf region and Asia.IMF Managing Director Kristalina Georgieva and World Bank Group President Ajay Banga are expected to attend. However, US Treasury Secretary Scott Bessent will skip the meeting due to domestic commitments. Deputy Treasury Secretary Francis Brooke and Under Secretary for International Affairs Erin Brown will represent Washington.Rising public debt is also expected to feature prominently, as government debt in the United States, Canada, Japan, Italy and France has exceeded 100% of GDP.Trade imbalances, particularly US concerns over China’s state-led industrial policies and large trade surplus, will also be on the agenda.The discussions are expected to help shape the agenda for the G20 leaders’ summit scheduled for December 14-15 in Miami, Florida.