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Zhou Xiaochuan: Reform the international monetary system
Zhou Xiaochuan: Reform the international monetary system Essay by Dr Zhou ...
From Ahmet Altin
IBS AHEMEDABAD
Project on G 20
Nishant Bali3/6/2009
6 April 2009
Introduction:-
The G-20 in an informal group of world leaders that come together annually to discussglobal economic stability and strengthen global financial cooperation. The G-20 wascreated after the international financial crises led by developing countries in the 1990's.
The G-20 is a group of finance ministers and central bank governors from 20economies: 19 of the world's largest national economies, plus the European Union (EU).Collectively, the G-20 economies comprise 85% of global gross national product, 80% of world trade (including EU intra-trade) and 2/3 of the world population.The G-20 is a forum for cooperation and consultation on matters pertaining to theinternational financial system. It studies, reviews, and promotes discussion among key industrial and emerging market countries of policy issues pertaining to the promotion of international financial stability, and seeks to address issues that go beyond theresponsibilities of any one organization.
Members of G-20:-
In 2009, there are 20 members of the G-20. These include the finance ministers andcentral bank governors of 19 countries: Argentina AustraliaBrazilCanadaChinaFranceGermany IndiaIndonesiaItaly JapanMexicoRussiaSaudi ArabiaSouth AfricaSouth KoreaTurkey United kingdomUnited States
6 April 2009In addition to these 20 members, the following forums and institutions, as represented by their respective chief executive officers, participate in meetings of the G-20International monetary fund World Bank International Monetary and Financial CommitteeDevelopment Committee of the IMF and World Bank
Locations of G-20 meetings
Sources: www.wikipedia.com
Year Location
1999 Berlin, Germany 2000 Montreal, Canada2001 Ottawa, Canada2002 Delhi, India2003 Morelia, Mexico2004 Berlin, Germany 2005 Beijing, China2006 Melbourne, Australia2007 Cape Town, South Africa2008 Sao Paulo, Brazil2009 London, UK
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