Economic leaders to discuss inclusive growth in Washington
The Second G20 Meeting of Finance Ministers and Central Bank Governors will be held on 19-20 April during the Spring Meetings of the IMF and World Bank Group
Global economic leaders will meet on 19-20 April in Washington, D.C. for the Second G20 Meeting of Finance Ministers and Central Bank Governors, where they will define specific policies and continue to discuss the topics on the agenda pf last month’s meeting in Buenos Aires.
Taking place during the Spring Meetings of the IMF and World Bank Group, the meeting will be attended by 55 delegations, including 22 finance ministers, 18 central bank governors and 8 international organization leaders.
The meeting immediately follows the Third Meeting of G20 Finance Deputies being held on 19 April. Its agenda includes the future of work and risks to the global economy, including financial vulnerabilities.
As one of the three priorities of the Argentine G20 presidency for 2018, the debates on the future of work will look into the current and potential effects of new technologies on the job market, growth and employment, with a particular focus on inclusion, fairness, and gender equality. The objective is for consensus to be reached to enable progress on a public policy document which will be released in June.
Meeting participants will evaluate recent financial developments in order to identify the risks to the global economy, adequate preventative measures, and necessary actions to take in the case they materialize.
There will also be a session dedicated to the Compact with Africa (CWA), an initiative launched by the German G20 presidency in 2017, to promote private sector investment in Africa.
At the First Meeting of Finance Ministers and Central Bank Governors on 19-20 March in Buenos Aires, leaders agreed to continue using all policy tools at their disposal to generate robust, sustainable, and fair growth. As explained in the communiqué issued at the close of the meeting, the G20 agreed to promote the necessary conditions to help develop infrastructure as an asset class, one of the priorities chosen by the Argentine presidency, and agreed on a roadmap based on the findings of previous presidencies.
At the meeting’s conclusion on 20 April, the Argentine presidency chairs will hold a press conference.
About the G20
The G20 started out in 1999 as a meeting of finance ministers and central bank governors. In 2008, amidst the global financial crisis, it evolved into what it is today: a major forum for dialogue and decision-making attended by world leaders from vital economies. Together, the G20 members represent 85% of global GDP, two-thirds of the world’s population, and 75% of international trade.