Key outcomes from past g20 leaders summits 20141107 p5smpn.html – Breaking News & Latest Updates 2026
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This was published 11 years ago

Key outcomes from past G20 leaders summits

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PREVIOUS G20 LEADERS' SUMMITS AND THEIR KEY OUTCOMES

2008 WASHINGTON DC, USA: Financial regulation; action plan on global financial crisis; moves to resist trade protectionism; commitment to Doha trade talks round.

2009 LONDON, UK: Fiscal and monetary stimulus to avert threat of GFC; extra resources for IMF and development banks to assist countries battered by GFC; Financial Stability Board established.

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2009 PITTSBURGH, USA: Framework for strong, sustainable and balanced growth and a process for keeping tabs on action; steps to address too-big-to-fail banks; reforms of the IMF and World Bank.

2010 TORONTO, CANADA: Fiscal consolidation; aim to halve deficits by 2013 and stabilise or reduce sovereign debt ratios by 2016; started work on new global regime to supervise bank capital and liquidity; $US350 billion in pledges to shore up development banks and institutional reforms.

2010 SEOUL, SOUTH KOREA: Started new guidelines to address large current account imbalances; agreement on so-called Basel III plan to strengthen oversight of global financial system; IMF quota and governance reform; started G20 development agenda to address global poverty.

2011 CANNES, FRANCE: Each country committed to action plans for growth and jobs; commitment to ensure IMF and European Financial Stability Facility resources are adequate; strengthening of regulation of "shadow banking activities" and action plan to improve bond markets; action plan on food price volatility and agriculture.

2012 LOS CABOS, MEXICO: Further commitments by each country to growth and jobs; $US456 billion in extra resources for IMF and implementation of 2010 IMF reforms; commitment to further WTO Doha round talks; progress on G20 development agenda.

2013 ST PETERSBURG, RUSSIA: Extended ban on new trade or investment protectionist measures to end of 2016; endorsed OECD action plan on addressing tax base erosion and profit shifting; more development commitments; Syria discussed.

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