The finance ministers and central bank governors for the Group of 20 meet in Sydney on 22-23 Feb 2014.
The finance ministers and central bank governors for the Group of 20 meet in Sydney on 22-23 Feb 2014. At the first of their two meetings in 2014, Australia's year as president of the forum, their main task will be organizing an agenda for the G20 summit on Nov 15-16. Tony Abbott, the recently-elected center-right Australian prime minister, asserted in January that the country's chairmanship of the G20 will be about actions, not words, and he vowed to promote free trade. Organizing the G20 agenda requires narrowing a program described as ballooning and no longer focused by the global economic crisis.
The G20 brings together the Group of 8 countries - Russia, the United States, Italy, France, Britain, Canada, Japan and Germany - with China, Brazil, Chile, Indonesia, South Korea, Saudi Arabia, South Africa, Australia, India, Mexico, Turkey and the European Union. The forum represents some 90 per cent of the world's wealth, 80 per cent of world trade and two-thirds of the world's population, according to a G20 statement in 2009
Date written/update: 2014-02-22