Welcome to Istanbul, Turkey…
2015 has the G20 “under the Turkish Presidency”.
“During Turkey’s Presidency year, G20 Deputies will continue to assess the global economic outlook, risks and policy responses. They plan to work on developing a monitoring mechanism to be able to effectively implement the commitments of G20 countries comprehensive growth strategies and a new narrative on investment and infrastructure issues. Taking into account the current impasse in front of the 2010 IMF Quota and Governance Reforms, G20 Deputies will start discussing alternative options for rebalancing quotas and increasing Fund resources. Deputies will follow the timely, full and consistent implementation of financial regulation reforms and focus on completing key features of the G20 work on international taxation.
The next meeting of the G20 Finance and Central Bank Deputies will take place on February 8-9, 2014. [Must be a “Typo” for Feb 2015 meetings ~Ron] G20 Finance Ministers and Central Bank Governors will then meet be on February 9-10, 2014 in Istanbul.”
G20 Sherpas held their first meeting under the Turkish Presidency of the G20 in Istanbul on 15-16 December 2014. The meeting was chaired by Ambassador Ayşe Sinirlioğlu, Deputy Undersecretary for Economic Affairs of the Turkish Ministry of Foreign Affairs and Turkey’s G20 Sherpa. Sherpas from across the G20´s membership attended, alongside representatives from several International Organisations and other invited countries.
“The G20 has so far taken significant strides in designing and launching policy frameworks in many areas. In November 2014, as the members of the G20 we have agreed on the Brisbane Action Plan and pledged to undertake about 1000 commitments that, if fully implemented, will add more than USD 2 trillion to the global GDP and generate millions of additional jobs for our citizens by 2018. Likewise, for a number of work streams within the G20 including financial regulation, international tax, and international financial architecture, words have played their part. 2015 will be the time for the deeds and the year of implementation.”
From the official Turkish G20 Presidency Priorities for 2015
2015 Event Schedule
21may – 22 Energy Sustainability Working Group Meeting#2
6may – 8 G-20 INTERNATIONAL TAX SYMPOSIUM
26feb – 28 Employment Working Group Meeting#1
24feb – 25 Energy Sustainability Working Group Meeting#1
9feb – 10 Finance Ministers and Central Bank Governors Meeting#1
8feb – 9 Finance and Central Bank Deputies Meeting#2
2feb – 3 Development Working Group Meeting#1
29jan – 30 Investment and Infrastructure Working Group Meeting#1
20jan – 21 Framework Working Group Meeting#1
The meetings included in the calendar are those with confirmed date and venue. Listed meetings will be updated in due course throughout the year.
Note the importance of the 2010 IMF Quota and Governance Reforms and how they will be addressed (Alternative options). Recall the U.S. Congress refusal to vote on the reforms…