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 G-20

The Group of Twenty Finance Ministers and Central Bank Governors (also known as the G-20, G20, and Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank. The G-20 heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008. Collectively, the G-20 economies account for approximately 80 percent of the gross world product (GWP), 80 percent of world trade (including EU intra-trade), and two-thirds of the world population. They furthermore account for 84.1 percent and 82.2 percent of the world's economic growth by nominal GDP and GDP (PPP) respectively from the years 2010 to 2016, according to the International Monetary Fund (IMF).

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updated Sat. May 5, 2018

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The Group of the Twenty (G20), the world forum that gathers the advanced and the emergent economies, will meet in South America for the first time since its creation in 1999. Its parallel will be the Congress of the Southern Initiative on Globalisation and Trade Unions Rights (SIGTUR), which will take place ...
TUNIS, April 3 (Xinhua) -- As the rotating president of the G20, Argentina will support Tunisia's presence at the G20 summit, visiting Argentine Foreign Minister Jorge Faurie has said. The Argentine minister said Monday in meetings with Tunisian leaders that Tunisia could attend the next G20 Summit, ...

A lot of cryptocurrency enthusiasts do not like regulation. This is a hot topic of conversation right now, especially in lieu of the recent G20 meeting. While no immediate measures were represented, it seems the governing body will introduce taxation guidelines in July.
Last week, the G20, the group of the world's 20 largest economies, took place in Buenos Aires, Argentina. The regulation of cryptocurrency was among the main topics debated by the multilateral group. The importance of everything that has been discussed in Argentina can impact the crypto market around ...
The Japanese government has fixed the schedule for next year's Group of 20 summit in Osaka and chosen the sites for related ministerial meetings in Japan. Chief Cabinet Secretary Yoshihide Suga announced on Monday that the 2-day G20 summit will open next year in Osaka on the 28th of June.
The G20 meeting of finance ministers and central bank governors, which met in Buenos Aires in March, acknowledged their growing importance in the world economy, calling on “international standard-setting bodies to continue their monitoring of crypto-assets and their risks, according to their mandates, ...

On March 22nd, it was reported that the newly appointed head of the People's Bank of China (PBoC) stated that "Bitcoin provides freedom" to users in an interview with local media. Finally, the G20 meeting in Argentina that took place on March 19th - 22nd concluded that cryptocurrencies do not warrant the ...
On the day of the most challenging security operation in Toronto police history, the G20 summit of world leaders in June 2010, Deputy Chief Keith Forde took me up from the seventh-floor boardroom to see the command centre in action. Everyone had their designated posts. People watched the police feeds ...
Matthew Newton, analyst at cryptocurrency retailer eToro, said the G20 response was good news for crypto markets and they had reacted accordingly. He told Express.co.uk: "The market has responded positively to the fact that economic powers seem to be taking cryptocurrencies seriously, with bitcoin ...
The trade war set to erupt after US President Donald Trump unveiled plans for fresh tariffs on China is the single biggest reason G20 leaders were forced to neglect cryptocurrency regulations at their Argentina meeting. The G20 summit deviated from its original plan to discuss tough regulation for digital ...
Argentina assumed the presidency of the G20 in December 2017. More than 20,000 officials and representatives from G20 members, guests, and invited organizations will participate in over 50 meetings throughout the year in cities across Argentina. Americas Society/Council of the Americas will hold a discussion on ...
The opening agenda notes that “Technological change is extraordinary in its magnitude and speed.” As a result, G20 leaders are working to ensure that they develop effective policies that ensure that these technologies spur growth and innovation while minimizing any negative impact that they might have.
Late last year, when interest in Bitcoin and its price was at its peak, France's finance minister suggested that there be a public debate of Bitcoin at the G20 summit which concluded this week. The conclusion of this meeting, in regards to where the nations now stand on cryptocurrencies, is that a firm July ...
"International trade and investment are important engines of growth, productivity, innovation, job creation and development," the G20 said. "We reaffirm the conclusions of our leaders on trade at the Hamburg Summit and recognize the need for further dialogue and actions. We are working to strengthen ...
Speaking Tuesday after the G20 meeting of finance ministers in Buenos Aires, Argentina Central Bank chair Frederico Sturzenegger said the member nations present agreed that cryptocurrencies needed to be examined, but that more information was needed before any regulations could be proposed.
Bitcoin traded at $8,235 as of 11:20am in Hong Kong, up 12% from its low reached over the weekend, according to prices on Bitstamp. Rival coins Ripple and Ether also pared weekend losses. Traders are watching this week's G20 meeting for any signs of a coordinated clampdown by regulators, who have ...
However, do keep an eye out for the first day of the G20 meeting that is taking place in Buenos Aires. There, finance ministers and central bank governors will converge and topics such as protectionism seem likely to come up given developments out of the US. There, the tariff grace period expires on Friday.

Moreover, the global economy is now seeing the strongest, broadest growth since the G20 was formalized in 2008 in the wake of financial crisis. A prolonged trade spat, let alone a trade war, would imperil that bounce-back and market watchers can expect to hear that message hammered home by various ...
The Footsie is slowly closing in on a triple-digit loss ahead of the start of the meeting of G20 finance ministers in Buenos Aires today. “The G20 has the potential to be a rather awkward occasion for US Trade Secretary Steve Mnuchin as he looks to defend the US's behaviour regarding recent tariffs on steel ...
Looking ahead, headlines from a meeting of G20 finance ministers and central bank governors getting underway in Buenos Aires, Argentina may take the spotlight. Trade war jitters may return as global officials spar with the US over the recent hike in steel and aluminum tariffs, battering already fragile ...
In a letter to G20 central bankers and finance ministers who will meet in Buenos Aires on Monday and Tuesday, Mr Carney said: "The FSB's initial assessment is that crypto-assets do not pose risks to global financial stability at this time." Interest in cryptocurrencies surged last year as prices rocketed only to ...
"We see that in the G20 process and the G7 process, and recognising that having such a big economy in the world move away from markets has not been good for us and the world and will continue to cause difficulty," Malpass said at the IIF conference in Buenos Aires that coincides with a G20 finance ...
While the note is mostly in line with Carney's previous comments on the limited impact of cryptocurrencies on the global financial system, the letter offers a window into where the discussions around this area may head to at the G20 meeting this week. As previously reported, government officials will meet ...
"This is a very significant moment in the G20 and elsewhere," said Edward Alden, a senior fellow at the Council on Foreign Relations. "The US is trying to force a change in its trading relationships with the world, and every country in the G20 is going to have to decide how to respond to that." 3. Putin wins ...
"This is a very significant moment in the G20 and elsewhere," said Edward Alden, a senior fellow at the Council on Foreign Relations. "The US is trying to force a change in its trading relationships with the world, and every country in the G20 is going to have to decide how to respond to that." Related: Europe ...
G20 Leaders created the GFSEC in 2016 and at their 2017 Summit in Hamburg leaders confirmed they agreed on policy recommendations for the restructuring of the industry. The work is expected to continue under the Argentinean presidency of the G20 and the current friction among relevant players is ...
Citing concerns about China's “challenge to security and to financial stability”, the Trump administration is looking to push back along with “like-minded” countries at the Group of 20 finance leaders meeting early next week. The meeting, in Argentina, will give the US an opportunity to unite allies against ...
G20 leaders convene days after OECD raised its forecasts to show global growth of 3.9% this year and next. Hong Kong: The world economy risks growing too fast for its own good. Group of 20 finance ministers and central bankers meet next week in Argentina amid the broadest and strongest economic ...
China today is playing an increasingly prominent role in the world in general and global governance in particular. What is revealing was China's experience in the G20, especially when China held the 2016 presidency for the G20 Hangzhou Summit. This article first examines leadership in international relations and then ...
This comments after Japan's Vice Minister of Finance and International Affairs, Masatsugu Asakawa said earlier this week that they are aiming for Aso to attend the G20 meeting. But the final decision on whether or not Aso should go to the G20 meeting will depend on the National Diet. The G20 meeting ...
Officials told Reuters earlier this week that Aso was considering skipping the G20 meeting amid the fallout from the scandal, which has paralysed parliamentary proceedings and has opposition leaders calling for Aso's resignation. Aso has rejected calls to resign and said responsibility for the land sale lied ...
Treasurer Scott Morrison expects the taxation of multinationals like Google and Amazon - so-called digital taxation - will be a key talking point at next week's G20 finance ministers and central bankers meeting. He said this was a constant topic of conversation during his recent trip to the US. "Multinationals ...
Japanese Finance Minister Taro Aso has decided not to attend a Group of 20 meeting in order to deal with a political scandal involving the alteration of state documents. G20 finance ministers and top central bankers are meeting in Buenos Aires on Monday and Tuesday. But Aso says he's staying Tokyo to ...
The official acknowledged that there will be some trade frictions, but said Treasury Secretary Steven Mnuchin will also be working to build G20 consensus in such areas involving growth, combating the financing of terrorism and developing and implementing new payments standards for crypto-assets.
The G20 is set to hold two separate discussions on cryptocurrencies next week in an effort to seek what representatives call a "common response" on regulation. A media representative for next week's summit, to be hosted by Argentina, which currently holds the G20 presidency said that the first meeting will take place ...
The move seems to clash with the declaration signed by G20 leaders, including Trump, in Hamburg last July which said G20 countries would fight protectionism including all unfair trade practices, although it also said they recognise the role of "legitimate trade defence instruments". Angela Merkel, who ...
The UK economy will grow at a slower pace than any other major advanced or emerging nation this year, according to the OECD. Ahead of the Spring Statement, the think-tank raised its UK growth forecast to 1.3% in 2018 amid a strengthening global recovery. This is up from an earlier projection of 1.2%, ...
Japan will urge its G20 counterparts at a meeting next week to beef up efforts to prevent cryptocurrencies from being used for money laundering, said a government official. But the prospects for the G20 finance leaders to agree on specific global rules and mention them in a joint communique are low, ...
"We reaffirm our commitment to keep the global economy open and rules-based and global economic cooperation on track," a terms-of-reference document prepared for EU finance ministers' approval for the G20 meeting and seen by Reuters showed. Finance ministers and central bank governors from the ...
The group of 30 people, brandishing a banner that read 'We Are The Ungovernable,' donned black clothing and face coverings to conceal their identities — a tactic called "black bloc," said Insp. Paul Hamilton on Monday. After smashing a handful of storefront windows with rocks, lighting fireworks and ...
South Korean officials plan to address concerns over trade frictions at this month's Group of 20 meeting following the Trump administration's newly proposed tariffs. South Korean Finance Minister Kim Dong-yeon said Monday his government will look to diversify its export strategies by strengthening ties with ...
During the first few months of its G20 presidency, Argentina's government has focused on jobs, infrastructure, and food security. But, in contrast to the previous Chinese and German presidencies, it has de-emphasized climate change, jeopardizing the group's goal of ensuring sustainable economic growth.
International merchandise trade in G20 countries soared year-on-year in 2017, according to OECD data released Wednesday. G20 country exports and imports rose 10.0 percent and 11.5 percent respectively last year compared to 2016. The data showed that the highest annual export growth in 2017 was ...
New Delhi, Feb 26 (PTI) Indias G20 Sherpa Shaktikanta Das said today that the group of developed and developing nations needs to play an important role in achieving sustained global growth. The G20 should also ensure that ambitious sustainable development goals (SDGs) are achieved, he said.
Japan has picked the western city of Osaka to host next year's G20 summit, the first such gathering to be held in Japan. Prime Minister Shinzo Abe made the decision based on the western Japan city's successful hosting of the summit of the Asia-Pacific Economic Cooperation (Apec) forum in 1995, Chief ...
The Japanese government has decided to hold next year's Group of 20 Summit meeting in the western prefecture of Osaka. It will be the first time Japan has hosted the summit. The government made the decision after conducting a survey of candidate municipalities on such factors as their capacity to ...
The G20 has been known as the club of the rich and powerful, but its agenda is increasingly resonating with developing countries, particularly the AU. The trajectory of G20 deliberations have gone from a preoccupation with strengthening global financial stability, especially since the financial crisis in 2008, ...
Staff Sgt. Nancy McLean of the Toronto police referenced the Trespass to Property Act and reasonable precaution to "ensure public safety" to justify the search of a G20 protester and the seizure of his goggles. "We were there to provide a safe environment of the demonstrators," McLean said. "I did not need ...
In 2017, financing from G20 governments for overseas coal projects reached a five-year high, totaling at least $13 billion in loans, credits, and guarantees. This financial support for coal projects directly undermines G20 climate commitments and ignores the reality that a rapid coal phase out is needed if the ...
TORONTO—A man whose swimming goggles were confiscated by officers following a search of his backpack on the eve of the turbulent G20 summit in Toronto in 2010 is expected to testify Monday at the start of a hearing into his lawsuit against the city's police oversight board. Numerous legal actions ...


 

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