The Second G20 Ministers and Central Bank Governors Meeting Concluded in Washington DC

On the margins of the IMF-WB Spring Meetings, G20 Ministers and Governors gathered in Washington DC for their second meeting under Turkish G20 Presidency.

The meeting commenced in the evening of April 16th with the first session on “Global Economy and Framework for Strong, Sustainable and Balanced Growth”. This session allowed Ministers and Governors to review recent global economic developments since their last gathering in February in Istanbul and to explore the progress in monitoring the implementation of the commitments made in national growth strategies. Following this session, a joint G20 – Low Income Developing Countries Ministerial Working Dinner was held to facilitate a frank discussion among the participating countries. Simultaneously, G20 Governors at their working dinner focused on the “uncertainty and volatility”.

In the morning of the April 17th, a joint G20/IMFC meeting was held on the IMF 2010 Quota and Governance Reform. After the conclusion of this meeting, G20 Ministers and Governors continued their discussion with investment and infrastructure, where they examined the scope for boosting investment in G20 countries via concrete and ambitious investment strategies. The meeting was concluded with concise working sessions on financial regulation and international tax agenda that allowed Ministers and Governors to review the progress in the respective commitments and provide momentum towards G20 objectives.

Upon the conclusion of the meeting, the agreed communiqué of the meeting was released.

Transcript of the Press Briefing by Deputy Prime Minister Ali Babacan and IMFC Chair Carstens.

Video link for press conference