G20 summit, November 3-4, 2011, Cannes France


St. Petersburg Summit 2013


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St. Petersburg Summit 2013 year 5-6 was held in St. Petersburg (Russia) in September.
In 2013, Russia took over the G20 presidency from Mexico. Since the world economy is at a stage of slow and fairly stable development, the leaders will be the main focus during the meeting focused on the issues of ensuring economic growth and financial stability, creating jobs and combating unemployment . The G20 leaders coordinate the implementation of many important decisions to ensure financial stability and sustainable growth of the world economy, which are the main global goals of economic policy, to encourage investment, strengthen multilateral trade and promote international development. needed. And while existing agreements on key issues support the general principles of a coherent global course under the Global Green Growth Institute (GGGi) [122], further research and more flexible tools are needed. to implement them taking into account national characteristics development was necessary . Implementation of the G20 framework for strong, sustainable and balanced growth is a dynamic process that takes into account developments at the international and national levels.
On November 15-16, 2014, the G20 summit was held in Brisbane (Australia) . The main topic of the summit was security and the Ukrainian crisis. In the final communique adopted by the G20 , the parties approved the anti- corruption plan for 2015-2016, for which they promised to jointly increase the transparency of the public and private sectors of the economy, noted the need to create an international infrastructure center, and called on the United States to stop obstructing IMF reform.

Conclusions from the G20 summits


Created in response to the financial crises of the early 2000s and growing awareness that emerging market economies were not sufficiently participating in world economic discussions and decision-making, the G20 group of countries began to unite 20 national economies - Australia . Argentina, Brazil, UK, Germany, India, Indonesia, Italy, Canada, China, Mexico, Russia, Saudi Arabia, USA, Turkey, France, South Korea, South Africa, Japan + EU. (The President of the European Commission and the Chairman of the European Council from the European Union will participate). Together , these countries account for 85% of G20 world GDP, 75% of world trade (including intra-EU trade) and two-thirds of the world's population.
As a forum for cooperation and consultation on issues related to the international financial system, representatives various international organizations: the Financial Stability Board, the International Monetary Fund, the World Trade Organization, the UN and the World Bank, this association did not hold high-level group summits until 2008, its main activity is annual meetings at the level of finance ministers and heads of central banks consisted of According to experts, after that, the G20 began to turn from a crisis response mechanism into a global governance institution, in fact, two summits were held in Cannes: a crisis summit and a meeting on the planned agenda.
The main directions of coordination:

  • macroeconomic issues;

  • financial regulation;

  • development;

  • agriculture and food security.

Naturally, G20 cannot positively solve all problems that existing institutions cannot overcome . At the same time, This group of countries can support collective management processes in their forums in the fields of political cooperation, security, decision-making , and further strengthening of international cooperation in the field of vital economic policy . With such a division of labor, the grounds for including macroeconomic and financial issues on the G8 agenda will no doubt gradually increase. However, this does not mean that the G8 's work on a global scale is less important. The G8 will continue to function as a "standard forum" - the institution's leaders discuss and resolve issues that cannot be coordinated in other formats.
At the same time, after 2015 the principle of regional representation is agreed upon (where Asia will be the first region), Regional representation is seen as an opportunity to increase G20 legitimacy.
However, the rapid deterioration of the global environmental situation related to the global climate, food, fuel and water resources has caused a corresponding reaction at various levels of the European and American communities. The scope of the environmental problems discussed at the UN Conference on Environment and Development held in Rio de Janeiro (Brazil) in June 1992 led the heads of government and leaders of 179 countries to change the direction of world development. led to a decision on After all, it was necessary to change the principles and standards in relations in politics and economy. Therefore, the manifestation of a centralized, systematic environmental policy that could be supported by the world community began at the summits of the G20 heads of state. On November 15, 2008, the heads of state gathered for their first meeting in Washington and supported the initiative launched in 2008 by the UN Secretary General and initiative.
The UN Green Economy Initiative is the main executive board of the UN system for environmental protection. One of the early results of the Green Economy Initiative was the development of the Global Green New Deal as the only way forward to restore stability to the global economic and financial system. At the same time, the Global Green New Deal addresses global climate, food, fuel and water challenges and provides insight into the critical links between the green economy and sustainable development. In order to maximize the social and environmental benefits of financial packages designed to help member countries overcome the financial and economic crisis, in June 2009 the Ministers of the Organization for Economic Co-operation and Development (OECD) launched the Green Plan, supported by the European Commission in 2010. sish declaration, which launched a new strategy based on green growth - Europe 2020, a strategy for smart, sustainable and inclusive growth.
In this way, the participants of the summits not only introduced a new model of sustainable economic growth, but also encouraged the gradual integration of economic, environmental and social spheres into a single system .
Sustainable economic development. The strategy for the formation of environmental policy at the summits of states and the main tasks of the G20:

  • development of the principles of financing of environmental protection measures (development of the institutional structure of targeted reserve of financial and credit resources);

  • formation of the market of ecological services;

  • alignment of market mechanisms with economic means of regulation;

  • improvement of the legal framework taking into account the specific features of the economic and ecological goals of sustainable development;


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