All Eyes on Paris and the G-20

By iMFdirect

Certainly the world did not end in 2008 with the collapse of Lehman and the crisis that followed. But, it didn’t mostly—perhaps only—because extraordinary international policy cooperation helped avert a far worse outcome.
Dominique Strauss-Kahn

… the G-20 has now to adapt to a new economic environment. It must prove that it is able to coordinate the economic policies of major economies on an ongoing basis.
French G-20 Presidency

G-20 Finance Ministers and Central Bank Governors gather in Paris for their first ministerial level meeting of France’s G-20 presidency at a critical juncture–critical for the global economy, with tensions and risks emerging that require strong policy responses, and critical for ensuring actions on international policy cooperation and reform.

So, with all eyes turning to Paris, here is some recommended reading for G-20 watchers.

  • Why Dominique Strauss-Kahn wants the “right kind of recovery.”  He tells reporters at the G-20 in Paris that although global growth has resumed, it is uneven, both across and within countries. While some advanced economies face high unemployment, some emerging markets face the challenge of overheating.
  • Meanwhile, G-20 ministers and central bank governors compromise to agree on indicators to measure global imbalances. Read the communiqué.

Look here for more information on the G-20 and reform of the international monetary system.

3 Responses

  1. One of the Nordic and strong lynx economies: The Swedish economy shows historically high growth figures in 2010. Activity in the Swedish economy continued strongly during the fourth quarter of last year and resulted in a GDP growth rate of 5.5 percent for all of 2010. This is the highest figure since the record year of 1970, when it was 6.5 percent.

    During the fourth quarter of 2010, industrial production was once again the driving force behind the economic recovery that has been going on since the autumn of 2009. However, the production increases have tended to slow down in several sectors and households seem to be watching their spending. For more information:

  2. Additional info to one of the last posts “in the blog I contribute to the most”

    wrt “IMF SDR mirrored distribution equivalent to current global reserves distribution” to create value of cash, for cash for product transactions…

    the proposal for converting present state basket to desired state basket would be…
    – collect too many notes to replace with new print notes. That is too many USD’s (mostly) = too little €’s (mostly), becomes 2X same value, keep printed, destroy too many!
    – Now since same value 1X @IMF, during the discontinuity of the transaction, with market closure requirement… one gets the result before & after discontinuity, the being value(s) the same. – Monitor after market open to determine systems compliance to create a same value condition.
    – After full adherence, continuous mirrored, distribution float rate for SDR, can be maintained through normal currency markets buy/sell, which would give currency value in the proposed blog comment.

  3. […] This post was mentioned on Twitter by Conduit Journal, Global Updaid. Global Updaid said: IMF: All Eyes on Paris and the G-20 […]

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