G20
Some of the key events about G20
- 1999Established as a forum for finance ministers and central bank governors to address global economic challenges
- 1999Criticized for lack of transparency and exclusion of developing countries in its formation
- 2001Failed to address growing concerns about global economic imbalances
- 2008Elevated to leaders' level summit in response to the global financial crisis
- 2008Unable to prevent the global financial crisis despite warnings
- 2009Committed $1.1 trillion to combat the global financial crisis and restore credit, growth, and jobs
- 2009Criticized for insufficient action on tax havens and financial regulation
- 2010Endorsed the Basel III reforms to strengthen global financial regulation
- 2010Faced accusations of promoting austerity measures that harmed economic recovery
- 2011Failed to reach consensus on addressing currency manipulation
- 2014Pledged to boost global GDP by an additional 2% by 2018 through coordinated growth strategies
- 2014Criticized for weak commitments on climate change action
- 2015Adopted an action plan to combat tax avoidance by multinational corporations
- 2016Launched the G20 Initiative on Supporting Industrialization in Africa and Least Developed Countries
- 2017Established the G20 Africa Partnership to promote sustainable economic development
- 2017Unable to find common ground on free trade and climate change policies
- 2018Struggled to address rising trade tensions and protectionist policies
- 2020Suspended debt payments for the world's poorest countries during the COVID-19 pandemic
- 2020Criticized for delayed and uncoordinated response to the COVID-19 pandemic
- 2021Endorsed a global minimum corporate tax rate of 15% to address tax avoidance
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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