A. Finance Track Agenda
a. Framework for Strong, Sustainable and Balanced Growth
Presidency Priorities
- Strengthening cooperation for global policies on strong, sustainable and balanced growth
- Monitoring the implementation of growth strategies through an effective accountability mechanism
- Adjusting the growth strategies in line with recent economic developments and improving their inclusiveness aspect
- Antalya Action Plan including national and global steps for strong, sustainable and balanced growth
- Detailed Implementation Schedules and Accountability Report prepared for an effective accountability mechanism
- Adjusted Growth Strategies, including policies towards inclusiveness, in line with recent economic developments.
- Improving investment environment, increasing the level and quality of investments
- Unlocking private sector investments for infrastructure investment and SMEs.
- Improving project preparation, prioritization and developing more effective PPP models
- Increasing the awareness for Islamic Finance and support the integration of Islamic finance to global financial system
- G20 Investment Strategies and G20/OECD Report on G20 Investment Strategies
- IMF Note on Public Investment Efficiency in the G20
- IMF/WBG Note on Integrating Islamic Finance into Global Finance
- Multilateral Development Banks Action Plan to Optimize Balance Sheets
- PPP Guidelines: World Bank Group Infrastructure Deliverables, (Infrastructure Prioritization Toolkit; Report on Recommended PPP Contractual Provisions; Framework for Disclosure for PPP Projects; Partnering to Build a Better World: MDBs’ Common Approaches to Supporting Infrastructure Development), WBG
- WBG/OECD Project Checklist for PPPs
- G20/OECD High-Level Principles on SME Financing
- Joint Action Plan on SME Financing
Presidency Priorities
- Finalizing the remaining crucial reforms in the core reform areas
- Timely, full and consistent implementation
- Analysing the role of corporate sector liability structure in the financial stability
Summit Outcomes
- The common international standard on total-loss-absorbing-capacity (TLAC) for global systemically important banks
- The first version of higher loss absorbency requirements for global systemically important insurers
- Report on the Implementation and Effects of Reforms
- Ensuring full implementation of the IMF 2010 Quota and Governance Reform which will facilitate a more evenhanded realignment of the IMF quota shares and help the Fund to maintain its legitimacy and effectiveness.
- Strong emphasis on the importance of the full implementation of the 2010 IMF Quota and Governance Reform.
- Reference to the IMF’s efforts on the review of the method of valuation of the SDR basket.
- Emphasis on the importance of the use of the strengthened collective action pari passu clauses in international sovereign bond issuances and accelerating the implementation of these clauses.
- Implementation and monitoring of Base Erosion and Profit Shifting (BEPS) Action Plan
- Ensuring the tax transparency
- Increasing the engagement of developing countries to the international tax agenda
- Summit Outcomes
- Finalizing the BEPS Action Plan
- The call for the framework regarding the implementation of regulations and recommendations of BEPS Action Plan
- The call for ensuring the tax transparency
B. Sherpa Track Agenda
a. Employment
Presidency Priorities
- Strengthening growth-employment relations
- Analyzing the impact of labour income share and rising inequalities on growth
- Improving skills and strengthening employment services to meet demands of labour market
- Implementing the G20 commitments such as increasing the participation of women into the labor market, foster safer and healthier workplaces, reducing youth unemployment,
- G20 Skills Strategy
- G20 Policy Priorities on Labor Income Share and Inequalities
- G20 Policy Principles for Promoting Better Youth Employment Outcomes
- Framework on Promoting Quality Jobs
- Reducing the share of young people who are at most risk of being permanently left behind by %15 by 2025
- Enhancing Energy Access with a focus on Sub Saharan Africa
- Promoting wider use of Renewable Energy
- Increasing Energy Efficiency (Following up on the implementation of Energy Efficiency Action Plan 2014)
- Strengthening Energy Market Transparency
- Phase-out Insufficient Fossil Fuel Subsidies over the medium term
- G20 Energy Access Action Plan with a focus on Sub Saharan Africa
- Report on the G20 Energy Efficiency Action Plan: Voluntary Cooperation on Energy Efficiency 2015 Outcomes of Work Streams
- G20 Energy Efficiency Action Plan, Update on Recent Progress in Reform of Inefficient Fossil Fuel Subsidies that Encourage Wasteful Consumption
- First Ever G20 Energy Ministers’ Communiqué
b. Energy
Presidency Priorities
- Enhancing dialogue and cooperation between the G20 and Low Income Developing Countries
- Ensuring Food Security and Including the global problem of Food Loss and Waste into the G20 agenda
- Committing to implement the G20 goal of reducing the global average cost of remittances to %5
- Support from G20 to implement Sustainable Development Goals
- Statement of a strong support for the implementation of Sustainable Development Goals in Leaders’ Communique
- G20 and Low Income Developing Countries Framework
- G20 Food Security Action Plan
- G20 Leaders’ Call on Inclusive Business
- G20 Remittances High Level Statement and Country Plans
- Adoption of other documents on tax, infrastructure and human resources regarding G20 Development Agenda
Presidency Priorities
- Analyzing the factors at play behind the slowdown in global trade
- Continuing efforts to ensure that bilateral, regional and plurilateral trade agreementscomplement each other
- Strengthening multilateral trading system
- Supporting the participation of SMEs and low income developing countries to participate in Global Value Chains
- Reaffirming the resistance against protectionist measures
- Statement of a strong support for a successful WTO Nairobi Ministers Conference with balanced outcomes on Doha Development agenda issues and guidance for post-Nairobi
- Reiterating the G20 Commitment on resisting against protectionist measures
- Report on the factors at play behind the global trade slow down
- Report on Advancing the Multilateral Trading system
- Report on the Impact of Regional Trade Agreements on Multilateral Trade
- Report on better integration of Small and Medium Enterprises and Low-Income
e. Anti-Corruption
Presidency Priorities
-
Following up on G20 Anti-Corruption Action Plan
- Promoting anti-corruption in private sector
- G20 High-Level Principles on Integrity and Transparency in the Private Sector
- G20 Principles for Promoting Integrity in Public Procurement
- G20 Anti-Corruption Open Data Principles
- SMEs Anti-Corruption Education Tool Kit
- Adoption of G20 Leaders’ Statement on the Fight Against Terrorism g. Refugees Crisis
- Taking up refugees crisis as a global challenge requires an urgent response in G20 Leaders Communique and Leaders’ support on that issue particularly on burden sharing and supporting international organizations
Share this Sting:
Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com
Subscribe to get the latest posts sent to your email.
[…] Sting’s Team. G20 Live: Fact Sheet from the G20 Leaders Summit and key outcomes (G20 Antalya 2015 Summary. 2015. […]