G20 LIVE: Fact Sheet from the G20 Leaders Summit and key outcomes (G20 Antalya 2015 Summary)

G20 Leaders Summit_Antalya Turkey 2015_Logo

A. Finance Track Agenda

 

a. Framework for Strong, Sustainable and Balanced Growth

          Presidency Priorities

  1. Strengthening cooperation for global policies on strong, sustainable and balanced growth
  2. Monitoring the implementation of growth strategies through an effective accountability mechanism
  3. Adjusting the growth strategies in line with recent economic developments and improving their inclusiveness aspect

Summit Outcomes

  1. Antalya Action Plan including national and global steps for strong, sustainable and balanced growth
  2. Detailed Implementation Schedules and Accountability Report prepared for an effective accountability mechanism
  3. Adjusted Growth Strategies, including policies towards inclusiveness, in line with recent economic developments.

b. Investment and Infrastructu

Presidency Priorities

  • 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

 

Summit Outcomes

  • 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

c. Financial Regulation

          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

d. International Financial Architectur

Presidency Priorities

  • 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.

Summit Outcomes

  • 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.

e. International Tax

Presidency Priorities

  • 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

  • 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,

Summit Outcomes

  • 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

b. Energy

Presidency Priorities

  • 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

Summit Outcomes

  • 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

Summit Outcomes

  • 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

d. Trade

        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

Summit Outcomes

  • 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

Summit Outcomes

  • 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

f. Terrorism

  • Adoption of G20 Leaders’ Statement on the Fight Against Terrorism g. Refugees Crisis

g. Refugee 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

The European Sting came all the way from Brussels to Antalya to report LIVE for its prominent readers top class coverage of the G20 Leaders’ Summit. Do you crave for cutting-edge high quality journalism by Europe’s rising star independent media over this hot long weekend of 15-16 November 2015?

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