G20

G20

Welcome to our G20 Blog Section, here you will find information and latest news on the G20.

The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank. The finance ministers and central bank governors began meeting in 1999, at the suggestion of the G7 finance ministers in response to the global financial crisis of 1997-99.

The Group of Twenty (G20) is an international forum that brings together the world’s 20 leading industrialised and emerging economies. The group accounts for 85 per cent of world GDP and two-thirds of its population.

Much of the important business takes place on the sidelines and in informal meetings.

Membership of the G20 consists of 19 individual countries plus the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), two-thirds of the world population,and approximately half of the world land area.

Below is our list of blogs about G20.

Ex-sanctions czar critiques Obama’s response to Russians

The former State Department diplomat who oversaw U.S. government sanctions policy said he was “extremely” frustrated when the Obama administration issued “weak” and “frankly inadequate” sanctions against Russia in December 2016 in response to that country’s campaign to disrupt the U.S. presidential election. Daniel Fried, who retired in 2017 after a 40-year State Department career that included serving as U.S. sanctions “coordinator” under President Obama, offered his sharp critique of the Obama administration’s response to Russian actions during an interview…

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US defends tough trade stance at global finance meeting

The United States is resisting pressure to back off President Donald Trump’s tough America First trade policy at a meeting of global finance leaders worried about the threat of a damaging trade war. U.S. Treasury Secretary Steven Mnuchin charged that “unfair global trade practices impede stronger U.S. and global growth, acting as a persistent drag on the global economy.” He urged the International Monetary Fund to do more to combat unfair trade practices. Mnuchin issued the comments Friday during the…

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Japan concedes gap with Trump remains on trade framework

WASHINGTON (Reuters) – Japan conceded it was at logger-heads with Washington on whether the United States should rejoin the multilateral trans-pacific trade pact, as President Donald Trump’s preference for a bilateral deal has created a ‘gap’ in view points. Japan’s Deputy Prime Minister and Finance Minister Taro Aso arrives at G-20 plenary during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas In a meeting with his U.S. counterpart Steve Mnuchin on Friday, Japanese Finance Minister…

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Japan Aso: Discussed FX with U.S. Mnuchin as part of talks on economy

WASHINGTON (Reuters) – Japanese Finance Minister Taro Aso said on Friday he discussed currencies with U.S. Treasury Secretary Steven Mnuchin, but only as part of broader discussions on their economies. Japan’s Deputy Prime Minister and Finance Minister Taro Aso arrives at G-20 plenary during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas In a news conference after the Group of 20 finance leaders meeting, Aso also said he conveyed Japan’s concern over protectionism in the…

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Jamaica’s Tourism Minister Makes Strong Case for Small and Medium-Sized Tourism Enterprises at G20 Tourism Ministerial Summit : South Florida Caribbean News

KINGSTON, Jamaica – Jamaica’s Minister of Tourism, Hon. Edmund Bartlett has underscored the need for greater support of small and medium-sized tourism enterprises (SMTEs) in order to ensure the growth and sustainability of the tourism industry. Hon. Edmund Bartlett Minister Bartlett is attending the World Travel & Tourism Council (WTTC) Global Summit 2018 in Buenos Aires, Argentina where he presented a policy brief on April 17 during the 8th Meeting of the Tourism Ministers of the G20 economies which had as its focus, the Future of Work…

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U.S.-China trade impasse shows no signs of easing as G-20 meets

(c) 2018, Bloomberg. Global finance chiefs hoping to diffuse trade tensions aren’t making much headway at meetings in Washington so far, even as they pressure the U.S. and China to refrain from any sudden unilateral actions. There was little progress on trade at a smaller meeting of G-7 finance officials on Thursday, according to a person familiar with the talks who declined to be identified because the discussions were private. Finance ministers and central banks from the Group of 20…

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Argentina’s Macri recognized as first World Leader for Travel & Tourism – The Santiago Times

BUENOS AIRES – Argentina’s President Mauricio Macri has been recognized by the World Travel & Tourism Council (WTTC) at its first World Leader for Travel & Tourism. The recognition was announced at the opening ceremony of the two-day 2018 WTTC Global Summit which concluded yesterday in Buenos Aires. The WTTC World Leaders for Travel & Tourism initiative recognizes serving Heads of State or Government who have shown exceptional support for the sector during their term of office, both within their…

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UPDATE 1-German bond yields set for biggest weekly rise since early Feb after oil surge

* German 10-year yield set for biggest weekly rise since Feb * Long-term inflation expectations highest since mid-March * BoE’s Carney dampens May rate hike expectations in UK * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds Trump tweet, background, updates prices) By Abhinav Ramnarayan LONDON, April 20 (Reuters) – German government bond yields were set for their biggest weekly rise since the beginning of February after a surge in oil prices forced inflation expectations and euro zone bond yields…

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Russia says Trump invited Putin to U.S. during phone call

MOSCOW (Reuters) – U.S. President Donald Trump invited his Russian counterpart Vladimir Putin to the United States during a phone call, and said he would be glad to see Putin in the White House, RIA Novosti reported on Friday, citing the Russian Foreign Ministry. U.S. President Donald Trump meets with Russian President Vladimir Putin during their bilateral meeting at the G20 summit in Hamburg, Germany, July 7, 2017. REUTERS/Carlos Barria/File Photo The news agency quoted Foreign Minister Sergei Lavrov as…

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Japan warns G20 protectionism will disrupt markets

By Leika Kihara WASHINGTON (Reuters) – Japan has warned its G20 counterparts that protectionism and exchange of retaliatory measures will disrupt financial markets and heighten volatility. “I told my G20 counterparts that no country would benefit from inward-looking policies based on protectionism,” Japan’s Finance Minister Taro Aso told reporters after a dinner gathering of the G20 finance leaders on Thursday. In a speech to the G20 finance ministers and central bank governors, Aso stressed the need to solve global imbalances…

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Aso-Mnuchin talks to be based on focus on multilateral…

By Reuters Published: 22:57 EDT, 19 April 2018 | Updated: 22:57 EDT, 19 April 2018 WASHINGTON, April 19 (Reuters) – Talks between Japanese Finance Minister Taro Aso and U.S. Treasury Secretary Steve Mnuchin will be based on the view, shared among the international community, that global imbalances should be dealt with multilaterally, not bilaterally, a senior Japanese finance ministry official said on Thursday. Aso and Mnuchin will meet for bilateral talks on Friday on the sidelines of the G20 finance…

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EIB and IMF join forces to build capacity on financial inclusion and stability in Africa

EIB and IMF establish a new Capacity Development Partnership to promote financial inclusion and stability in Africa EIB will support IMF capacity development activities with EUR 3m until the end of 2020 EIB and IMF to launch online course on financial intermediation and inclusion Today, the European Investment Bank (EIB), the EU Bank, and the International Monetary Fund (IMF), signed a Letter of Understanding to pool their expertise and experience to promote sustainable economic development, financial stability and inclusive growth…

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Direction of Travel Is towards Delivery on Paris Agreement, Deputy Secretary-General Tells New Climate Economy Summit – World

DSG/SM/1162-ENV/DEV/184419 APRIL 2018 Following are UN Deputy Secretary-General Amina Mohammed’s remarks, as prepared for delivery, at the New Climate Economy Summit, in Washington, D.C., today: Thank you, Kristalina [Georgieva], for hosting this Summit of the Commission on New Climate Economy. And thank you to the three Co-Chairs for inviting me to speak. The Commission plays a key role in highlighting trends and issues shaping long‑term economic growth pathways, and the potential for accelerating transformative action. Global consensus on the 2030…

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Japanese finance official resigns over sexual harassment allegat – Honolulu, Hawaii news, sports & weather

By Euan McKirdy and Yoko Wakatsuki CNN TOKYO (CNN) — A high-ranking Japanese political figure has resigned in the wake of sex harassment allegations, a further blow to a government beset by scandal. Junichi Fukuda, administrative vice minister for the Ministry of Finance, said Wednesday that he was leaving his post following the release of recordings containing what a female TV reporter said were sexually harassing remarks he made to her. The resignation came as Ryuichi Yoneyama, governor of Niigata…

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Could 2018 Be The Year The World Takes Education For Girls Seriously?

As you read this, 130 million girls across the world are missing out on an education, including almost 60 million who won’t even make it to primary school. These statistics are shocking and hard to comprehend. Living in a developed country we take our education for granted, schools are open to all irrespective of gender, but across the world girls aren’t being able to access their rights. Educated girls earn more; they reduce poverty in their community, raise healthier children,…

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emerging central banks: Emerging central banks surprise most on policy, Fed the least

By Enda Curran Central banks in emerging economies are more likely to surprise investors with unexpected decisions than their counterparts in developed nations, according to a study by Bloomberg Economics. An analysis of decisions from Group of 20 central banks since 2010 found that the Federal Reserve surprised the least, while major emerging market central banks are on the opposite side of the spectrum. “The transparency revolution in central banking has all but eliminated surprises from Federal Reserve, European Central…

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