The 2015 G-20 summit will be held in Antalya, Turkey, on 15-16 November 2015. Turkey officially took over the presidency of the G-20 from Australia in December 2014 and China will preside over the organisation from December 2015.
While the overall agenda of the G-20 is pertinent to global affairs, the inclusion of SMEs and LIDCs in the Turkish agenda has significant relevance to Africa. The briefing also looked forward to what the Chinese Presidency might bring in 2016, exploring how Beijing will build on past G-20 efforts and likely additional priorities for the 2016 agenda.
Background to the Summit
2015 marks the tenth G-20 Summit. Representing 90% of the world economy, 80% of world trade and 2/3 of the world population, the G-20 has today emerged as the premier forum for international economic co-operation and has provided much-needed focus and energy at a critical time for the global economy.
In 2008, the world experienced a new and unprecedented wave of economic and financial crisis, which affected the most robust economies as well as the more fragile ones. G-20 members were called upon to strengthen international co-operation in order to tackle this new crisis. G-20 Leaders convened for the first time in November 2008 in Washington to deal with the crisis, restore global growth and initiate necessary reforms in the financial markets.
The G-20 takes up a wide range of issues related to the global economy such as development, energy security, infrastructure development, climate change, employment, eradicating poverty, combating corruption, food security. The G-20 also focuses on reform and reconfiguration of the global economic and financial system in line with today’s realities.
The G-20 does not have a permanent secretariat. The presidency rotates between member countries; and each presidency establishes a temporary secretariat or task force for the duration of its term to coordinate the group’s work and manage its meetings. The decisions taken in the G-20 Summits are considered instructive in general for the next term presidency. In order to ensure continuity and consistency in the agenda, the Troika System – which coordinates past, future and current presidencies – was formally adopted at the Cannes Summit.
List of G20 priorities:
|G-20 Presidency and Date||Priorities / Issues from Summit|
|Coordinated fiscal and monetary stimulus measures to avert threat of global depression;
Additional resources for the IMF and multilateral development banks to weather the financial crisis;
Established Financial Stability Board
|Republic of Korea
|International Financial Institution Reforms
Financial Sector Reforms; Fighting Protectionism/ Promoting Trade and Investment;
Seoul Development Consensus for Shared Growth
Energy; Climate Change and Green Growth;
Call for business summit and consultation
Establishment of the Agricultural Market Information System
Los Cabos Summit
Inclusive green growth
St Petersburg Summit
Human resource development
|Policy coherence between DWG and Taxation,
Investment in infrastructure
Launch of Global Infrastructure Hub;
|Inclusiveness, investment and implementation;
Cross-cutting themes of SMEs and Low Income Developing Countries;
Source: G-20 Summit pages; Grant Makokera, Forthcoming SAIIA Occasional Paper; Sahbaz & Inan, SAIIA Policy Insight 19
SAIIA Expertise available
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