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.

Turkey’s election promises fail to tackle the economy – Middle East Monitor

As Turkey approaches the presidential and parliamentary elections this weekend, its economic challenges have dominated the headlines. Soaring inflation rates and a plunging lira have marked the country’s turbulent economy over the past month, after credit rating agency Moody’s slashed Turkey’s prospects again in May, predicting lower growth amid heightened uncertainty. The latest challenges have been motivated primarily by rapid economic growth rates; Turkey was the fastest growing economy among G20 countries last year, achieving a rate of almost 7.5…

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Trump-Putin summit: Wing-it meets meticulous

President Donald Trump’s wing-it approach to diplomacy would face a tough test in a potential July summit with Russian President Vladimir Putin, who is sure to bring a well-rehearsed game plan to a meeting with his impulsive American counterpart. “Putin comes extremely well prepared for these meetings,” said Michael McFaul, a Trump critic who served as the U.S. ambassador to Russia during President Barack Obama’s second term. “He knows what he is seeking to achieve. He does psychological work ahead…

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Credit rating agencies on trial – weren’t they supposed to spot this?

Ron Grassi says he thought he had retired five years ago after a 35-year career as a trial lawyer. Now Grassi, 68, has set up a war room in his Tahoe City, California, home to single-handedly take on Standard & Poor’s, Moody’s Investors Service and Fitch Ratings. He’s sued the three credit rating firms for negligence, fraud and deceit. Grassi says the companies’ faulty debt analyses have been at the core of the global financial meltdown and the firms should…

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Georgia’s central bank finalist in Global Inclusion Awards 2018

The National Bank of Georgia (NBG) is a finalist in the Global Inclusion Awards 2018 in the category of ‘Country Award’ for the second time, announces the NBG, Agenda reports. The Global Inclusion Awards 2018 recognise and honour those who achieve greatness in furthering the economic citizenship of children and youth at the national, regional and international level. The awardees demonstrate innovation in financial, social and livelihoods education, financial inclusion, and entrepreneurial support for children and youth. The NBG has…

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UK raises concerns about Trump-Putin summit

[Russia], June 22 (ANI): Taking into consideration the possible talks between United States President Donald Trump and his Russian counterpart Vladimir Putin, the British government seems to be worried as it could have an impact on Trump’s commitment to NATO’s shared goals. Trump will be in Europe for a NATO summit which is expected to be held in Brussels on July 11-12 The US President will either meet Putin before the NATO summit or after the president’s UK visit two…

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Chris Selley: Marijuana legalization is a solid win for sensible government policy

In the past 14 months, Canadians have heard a few reasonable concerns about legalizing marijuana. It might lead to more people using it, for example — including impressionable youngsters, who are famous for taking their moral cues from legislation. There are quite a few reasonable complaints to be made about the law that received Royal Assent on Wednesday, to come into effect Oct. 17. It makes possessing between five and 30 grams of cannabis a criminal offence for children but…

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Trump ‘looking at’ Putin meeting as Bolton plans Moscow trip

A Kremlin spokesman confirmed John Bolton will be going to Moscow. | Molly Riley/AP Photo President Donald Trump said Thursday that he is weighing a meeting with Russian President Vladimir Putin in July. “We’re looking at the possibility,” Trump told reporters when asked whether he’s planning to meet with Putin next month. Story Continued Below If it occurs, the summit will again bring the U.S. president face-to-face with the man intelligence officials blame for meddling in the 2016 election. Senior…

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UK Worried NATO to be Hurt if Trump Meets Putin Before Bloc’s Summit – Reports

Europe 10:02 21.06.2018(updated 10:09 21.06.2018) Get short URL US President Donald Trump may sit down for talks with Russia’s President Vladimir Putin during his trip to Europe next month. The British government fears that the two presidents could meet before NATO’s upcoming summit in Brussels and Trump’s official visit to London. “It’s unclear if this meeting is after or before the NATO and UK visit. Obviously after would be better for us,” the Times quoted a Whitehall source as saying. “It adds another dynamic to an already colorful week,”…

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Moon to discuss economic cooperation, denuclearization with Putin

President Moon Jae-in on Thursday set out on a state visit to Russia, where he is expected to discuss economic cooperation and denuclearization with President Vladimir Putin. Moon will kick off his trip by addressing the State Duma for the first time for a South Korean president, and meet with Russian Prime Minister Dmitry Medvedev. President Moon Jae-in and First Lady Kim Jung-sook wave before departing for Russia on Thursday. Yonhap In a summit with Putin, scheduled for Friday, Moon…

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Brics Youth: Everything about us without us? | Opinion

The leaders of Brazil, Russia, India, China and South Africa will meet in Johannesburg from July 25 to 27 for the 10th Brics Summit. Prior to the summit a number of other Brics dialogues will take place, including the Business Council, Academic Forum, Civil Brics and Brics Youth. Brics Youth was set up in 2013 to put youth voices on the Brics agenda and to promote and popularise Brics among young people between the ages of 15 and 34 in…

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Former Obama officials say Putin was largely undeterred in election meddling efforts

Two former Obama administration officials said Wednesday that a failure to recognize the “scope and scale” of Russia’s disinformation and influence campaign – alongside a reluctance to punish the Kremlin at a politically sensitive time – meant president Vladimir Putin was left largely undeterred during the 2016 presidential election.  In a hearing held by the Senate Select Committee on Intelligence on Wednesday, former assistant secretary of state for European and Eurasian Affairs Victoria Nuland, who also served in the George…

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Energy for the common good

By Jeffrey D. Sachs NEW YORK – The climate crisis we now face is a reflection of a broader crisis: a global confusion of means and ends. We continue to use fossil fuels because we can (means), not because they are good for us (ends). This confusion is why Pope Francis and Ecumenical Patriarch Bartholomew are spurring us to think deeply about what is truly good for humanity, and how to attain it. Earlier this month, the pope and patriarch each…

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Full text of minutes of RBI’s MPC meeting

The Reserve Bank of India (RBI) increased its repo rate by 25 bps during its monetary policy meeting on 4-6 June 2018. Minutes of the Monetary Policy Committee Meeting 4-6 June 2018 [Under Section 45ZL of the Reserve Bank of India Act, 1934] The eleventh meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held from June 4 to 6, 2018 at the Reserve Bank of India, Mumbai.…

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Left-wing violence and extremism on the rise

BERLIN — German security officials say left-wing extremists have become more willing to use violence over the past five years. Figures released by the domestic intelligence agency BfV on Wednesday show the number of left-wing extremists whom authorities consider potentially violent rose 27 percent from 7,100 to about 9,000 between 2012 and 2017. The number of violent crimes committed by left-wing extremists rose 88 percent during that period, to 1,648 from 876. Last year saw a spike in left-wing violence…

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China calls for trilateral summit with India and Pakistan, says can’t take strain of another Doklam incident

China on Monday, in a friendly gesture, proposed a trilateral summit to settle boundary disputes between India and Pakistan. Photo:PTI Days after Chinese President Xi Jinping met Prime Minister Narendra Modi at the Shanghai Cooperation Summit (SCO) in Qingdao and accepted his invitation to visit India for an informal meeting in 2019, China on Monday, in a friendly gesture, proposed a trilateral summit to settle boundary disputes between India and Pakistan. “Some Indian friends suggested that India, China, and Pakistan…

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