European Council President Herman Van Rompuy and Jean Claude Juncker, the new President of the European Commission, will represent the EU at this year’s G20 Summit on 15 and 16 November in Brisbane, Australia.
The Group of Twenty (G20) is a forum for international economic cooperation and decision-making. Its comprises 19 countries and the EU, plus several guest countries which are invited every year.
The G20 started in 1999 as a meeting of Finance Ministers and Central Bank Governors, in the aftermath of the Asian financial crisis, to discuss the global economy, the reform of international financial institutions, financial regulation and economic reforms needed in member countries. The first G20 Leaders’ Summit was held in 2008, as a response to the global financial crisis. Since then, the G20 has discussed ways to tackle the different recovery paths of the advanced and emerging economies.
As G20 chair in 2014, Australia has developed with members an agenda to structure leaders’ discussions at the Brisbane Summit around the following themes:
- promoting stronger economic growth and employment outcomes;
- making the global economy more resilient to deal with future shocks;
- strengthening global institutions to ensure they reflect the new realities of the global economy.
Background information and the meeting program for this year’s Summit can be found on the webpages of the European Council, the Commission and the Australian G20 Presidency. Information about last year’s Summit in Saint Petersburg, including the statements by President Van Rompuy, can be found here.
Documentation on the various fora of global economic governance such as the G7/G8, including the G20, is also available at the University of Toronto. A recent sample of the otherwise non-public papers by the US Congressional Research Service, with a comprehensive US view on the G20, is available here, courtesy the Federation of American Scientists. Other recent resources on the G20 are available through the library catalogue here.