G20


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AcronymDefinition
G20Group of 20 (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, México, Russia, Saudi Arabia, South Africa, Korea, Turkey, the United Kingdom, United States and European Union)
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Carney wrote, 'If the G20 embraces the strategic choice to seize opportunities to enhance international cooperation in the financial sector, then the G20's goal of strong, sustainable and balanced growth could be within reach.
The G20 meeting follows a G7 summit in Sicily a month ago that exposed deep divisions between other Western countries and Trump on climate change, trade and migration.
China - China is part of the G20 aggregate for all quarters.
JS: How do you assess the recent outcomes of the G20, particularly the Hangzhou summit in September?
The G20 is assumed to invest these initiatives with greater political legitimacy but, on occasion, the leaders' summit process has actually detracted from this legitimacy.
G20 states produce 85 percent of global economic output and represent two-thirds of the world's population.
Since assuming the G20 presidency, China has done a lot to promote international economic governance reform, including restarting the International Financial Architecture Working Group to improve international financial governance, Xinhua added.
Growth has been tepid even though the efforts made under G20 have led to some acceleration.
The Paris attacks, the most deadly in Europe since the Madrid bombings in 2004 and the worst act of violence in France since the Second World War, have reshaped the G20 agenda.
G20 is a leading forum for discussing the global economic and financial cooperation.
Deputy Prime Minister Choi Kyung Hwan attended the G20 Finance Ministers and Central Bank Governors Meeting in Ankara, Turkey on September 4-5, where the finance ministers and central bank governors discussed the recent market volatility and measures to support global recovery including structural reform and investment.