G20

G20s focus

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• recovery from the ongoing global recession and the European debt crisis.
• topics of concern were international development and continuing international aid to Africa and other developing nations.

Summits

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• Summits were created as a response both to the financial crisis of 2007–2010 and key countries were not included in the core of global economic discussion and governance

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• the 2008 debut summit in Washington, D.C
• G20 leaders met twice a year
• London and Pittsburgh in 2009, Toronto and Seoul in 2010

Recent and Future Summits

• recent summit was held in China in 2016
• the next summit will be held in Germany in 2017
• India in 2018

Who Chairs the G20?

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• The G20 has no permanent staff of its own, however chairmanship rotates annually between the nations that are divided into regional groupings.

Group 1

Group 2

Group 3

Group 4

Group 5

Protest

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• The total combined cost between the 36th G8 summit in Huntsville and the G20 summit in Toronto including security, infrastructure, and hospitality, was determined to be approximately C$858 million.
• One incident was in Ottawa where a bank was firebombed by anarchists,

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• Oxfam Canada and the Ontario Coalition Poverty
• Issues such as poverty, gay rights, capitalism globalization, and indigenous rights,

Outcome

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• due to most countries' entering recovery mode from the global economic recession, it was said that this summit would not have the same outcome of the previous ones.

What they agreed on

• reducing debt-to-GDP ratio in each economy by 2016
• financial institutions would be required to make fair contributions to recover costs from the financial sector reform
• institutions would be required to keep a higher amount of financial capital in case of future financial shocks