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.

China’s envoy to India bats for India-Pakistan-China summit at sidelines of SCO | India News

NEW DELHI: China’s envoy to India Luo Zhaohui today informally pitched a summit among India, Pakistan and China on the sidelines of a meeting of the Shanghai Cooperation Organisation (SCO) to improve regional relations. “Some Indian friends suggested that India, China and Pakistan may have some kind of trilateral summit on the sidelines of SCO..it’s a very constructive idea,” said Luo, at a seminar in New Delhi titled “Beyond Wuhan: How Far and Fast Can China-India Relations Go”. The title…

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India set to join European Bank for Reconstruction and Development

LONDON: The European Bank for Reconstruction and Development (EBRD) on Monday unveiled plans for a first-of-its-kind conference in India to welcome the country as its newest member. The inaugural EBRD-FICCI Business Forum in Mumbai on Friday is themed around ‘Mobilising private sector finance in the EBRD region and how Indian companies can benefit’. The Federation of Indian Chambers of Commerce and Industry (FICCI) partnered event is backed by the Export-Import Bank of India (EXIM) with the aim of bringing together…

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Moon to hold 3rd summit with Putin

President Moon Jae-in and Russian President Vladimir Putin will hold a summit in Moscow on Thursday, Seoul’s presidential office announced Monday.  President Moon Jae-in speaks during Monday`s meeting with senior aides in Seoul. Yonhap According to Cheong Wa Dae, Moon will visit Russia for a four-day state visit from Thursday, and meet with Putin shortly after his arrival. This is the first time a South Korean leader is making a state visit to Russia since late President Kim Dae-jung in…

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Turkey: Record breaking growth among G-20 – Kerem Alkin

In the first quarter of 2018, Turkey, together with India, started the new year with a new record of 7.4 percent gross domestic product growth year-over-year. Let’s remind ourselves that in 2017, Turkey realized the highest growth among the G-20 and Organization for Economic Co-operation and Development (OECD) countries with 7.4 percent. Having said that, some economists prefer to look at the quarter-over-quarter increase in GDP. Accordingly, the G-20 countries that had an average growth of 1 percent quarter-over-quarter in…

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A greener future starts with natural gas, world energy chiefs say

World energy ministers representing about two thirds of the global population tussled over how the world can achieve a cleaner energy future. The compromise answer: Natural gas, at least for now. A consensus statement from G20 energy ministers meeting in Argentina cited the potential of natural gas “to expand significantly over the coming decades.” Meanwhile, the group said that nations that “opt to enhance their renewable energy strategies” should boost investment and financing within that arena, Bloomberg wrote. …

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Donald Trump Expects to Meet Vladimir Putin in July in Europe – Novinite.com

WASHINGTON, June 16. /TASS/. US President Donald Trump is expected to hold a meeting with Russian leader Vladimir Putin in Europe in July, The Washington Post said, citing “a senior administration official and two diplomats familiar with his schedule.” “President Trump is expected to meet with Russian President Vladimir Putin next month while he is in Europe for a NATO summit,” the newspaper wrote. “In a nod to those plans, Trump told reporters on Friday that ‘it’s possible’ he would…

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Column: New government, same debt crisis

The party is over and, as the last piece of victory celebration confetti hits the floor, Progressive Conservative premier-designate Doug Ford must address how he plans to wrestle Ontario’s out-of-control debt. “Out of control” may sound like hyperbole, but is it? Consider this. As of today, every Ontario resident is carrying provincial debt of about $23,000, and at the current rate of increase, we are heading to $27,000 by 2021. That would be $108,000 for every family of four, up…

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Osaka floats out-of-box thinking for ties with North

OSAKA – Though it remains to be seen how history will judge the June 12 summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, present Japanese and Western views across the political spectrum are generally either skeptical of North Korea’s sincerity in honoring any agreement or of America’s ability to sincerely negotiate an effective one. But no matter how one views the summit, it has set a precedent and created expectations worldwide that leaders in not…

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Coal, Paris deal isolates U.S. from other G20 nations…

By Reuters Published: 19:15 EDT, 15 June 2018 | Updated: 19:15 EDT, 15 June 2018 By Luc Cohen BARILOCHE, Argentina, June 15 (Reuters) – The United States split from other Group of 20 member countries on Friday over the future of the coal industry and the 2015 Paris climate accord, though all of them agreed to transition to cleaner fuels to cut greenhouse gas emissions. Speaking at a press conference at the close of the G20 meeting of energy ministers…

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Gerry Macartney: New Ontario government, same old debt crisis

Ontario premier-designate Doug Ford meet business leaders at Queen’s Park this week. Stan Behal/Postmedia News The party is over and, as the last piece of victory celebration confetti hits the floor, Progressive Conservative premier-designate Doug Ford must address how he plans to wrestle Ontario’s out-of-control debt. “Out of control” may sound like hyperbole, but is it? Consider this. As of today, every Ontario resident is carrying provincial debt of about $23,000, and at the current rate of increase, we are…

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Where in the world is Rick Perry?

With help from Alex Guillén WHERE IN THE WORLD IS RICK PERRY? The Energy secretary will confer with his G-20 counterparts today in Bariloche, Argentina, while he attends the second meeting of the Energy Transitions Working Group. Perry will participate in ministerial sessions and other bilateral meetings to discuss international energy challenges and solutions, according to DOE. The G-20 has described today’s confab as discussions of “public policies to help promote transitions towards more flexible, more transparent and cleaner energy…

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Putin Hosts World Cup, Watches G7 And Trump-Kim Summit From The Sidelines

Editor’s Note: To receive Steve Gutterman’s Week In Russia each week via e-mail, subscribe by clicking here. Vladimir Putin welcomed soccer fans from around the globe to the first World Cup staged in Russia, got an invite of sorts from Donald Trump to rejoin the Group of Seven (G7) leading industrialized nations, and looked on from afar as Trump held a historic meeting with North Korean leader Kim Jong Un. Here are some of the key developments in Russia over…

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From Mallya to Nirav Modi, the UK remains the preferred hideout of Indian fugitives | India News

The news that diamantaire Nirav Modi, wanted in the Rs 13,000 crore Punjab National Bank fraud case is in the UK, hasn’t come as a surprise to many. In the past few years, several Indians have fled to the UK after duping the nation. UK THE PLACE TO FLEE… Fraudsters accused in not just economic offences, but also in terrorism and other crimes in India have seen making a beeline for the UK. In fact, some of India’s biggest economic…

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Minister Morneau Takes Canada’s Plan for a Strong Economy to Hong Kong and Shanghai

March 29, 2018 – Hong Kong, China – Department of Finance Canada The Government of Canada continues its plan to build a strong middle class through equality and growth. Canada’s economic success rests on the hard work of Canadians, and on strong trade relationships that can drive economic growth, create good, well-paying jobs for the middle class, and open up opportunities for Canadian businesses to grow and expand. Following a successful G20 meeting of Finance…

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Minister Morneau Takes Canada’s Plan for Equality and Growth for the Middle Class to the G20

March 19, 2018 – Buenos Aires, Argentina – Department of Finance Canada With a strong and growing Canadian economy, now is the right time to make progress in Canada and around the world to ensure everyone can contribute to, and share in, the benefits of growth. Canada’s Minister of Finance, Bill Morneau, participated in an armchair discussion today at an event hosted by the Institute of International Finance during the G20 Finance Ministers…

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