G20 MEMBERS’ PRESS RELEASES
Lagarde Urges Full Implementation of G20 Agenda
Press Release No.15/517 FOR IMMEDIATE RELEASE November 16, 2015 International Monetary Fund Washington, D.C. 20431 USA Lagarde Urges Full Implementation of G20 Agenda Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of the Group of 20 (G20) Summit in Antalya, Turkey: “We met in Antalya with the horrific images of the attacks in Paris on our minds and with our hearts going out to the victims and their loved ones. The G20 leaders expressed their abiding solidarity with the people of France and their unwavering commitment to defeat terrorism. “Turning to the global economy, after a modest and uneven expansion in 2015, growth at 3.6 percent is forecast for next year, which would be the fastest pace since 2011. Three significant transitions weigh on the outlook: the normalization of the U.S. Fed’s monetary policy; China’s rebalancing of its growth...
G20 leaders endorse OECD measures to crackdown on tax evasion; reaffirm its role in ensuring strong, sustainable and inclusive growth
The leaders of the world’s 20 largest economies today endorsed overhauled global standards to crackdown on tax evasion and recognised the important contribution made by the OECD to help the Turkish presidency in achieving the goal of more inclusive growth. At their Summit in Antalya, Turkey, the G20 leaders committed to the implementation of the Base Erosion and Profit Shifting project (BEPS) which closes gaps that allow corporate profits to “disappear” or to be artificially shifted to low or no tax environments. They called on the OECD to monitor progress and to develop, by early next year, an inclusive framework including the participation of developing economies on equal footing. The leaders welcomed progress being made to boost transparency and fairness in the global tax system, reaffirming their commitments to ımplement automatic exchange of information as early as 2017 and by 2018 at the latest. The G20 called on the OECD, IMF and World Bank to...
DG Azevêdo urges G20 leaders to strengthen global trading system
Director-General Roberto Azevêdo briefed G20 leaders at their meeting in Antalya, Turkey, today (16 November) on preparations for the WTO’s 10th Ministerial Conference in Nairobi next month. In their communiqué, the leaders gave a strong call for the WTO to deliver in Nairobi and to implement all the elements of the Bali Package, including those on agriculture, development, public stockholding as well as the prompt ratification and implementation of the Trade Facilitation Agreement. However, in the meeting much of the discussion focused on regional and bilateral trade initiatives due, in part, to slow progress in the Doha Round negotiations. The Director-General said: “Our analysis of regional trade agreements shows no obvious conflicts with WTO rules — they all have WTO DNA. But a bigger consideration is where regional agreements cover areas that are not currently covered by the WTO. No one would suggest that regional agreements should not venture...
