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CIGI Senior Fellow Kevin Carmichael argues that it was reasonable to expect more from the G20 summit in Turkey, noting that it failed to re-establish its worth on the weekend. While it shows value in bringing together world leaders, the G20 is going the way of the G7, “mostly incapable of re-energizing the global economy and completely incapable of securing IMF reform.”
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As the 2015 G20 leaders summit came to a close, CIGI global economy experts provided their views and perspectives on the outcomes, including the final 2015 communiqué and statements released by the G20 Turkish presidency.
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In response to the Paris attacks on November 13, the Think20, upon agreement from its representatives, called on the G20 to refocus its attention on battling the financing of terrorism. The terrorism statement that accompanied the final G20 communiqué on November 15 was closely aligned with the Think20’s statement.
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In advance of the G20, CIGI released a series of commentaries highlighting areas it recommends as key priorities for the G20. Articles capture a variety of issues: Former Canadian Prime Minister Paul Martin discusses the need to strengthen multilateral institutions; Thomas Bernes explores how well the G20 has kept its commitments; Olaf Weber discusses financing sustainable development as a G20 priority; Hongying Wang outlines opportunities for the Chinese G20 presidency in 2016; Kevin Carmichael argues for gender balance at the G20 governance level.
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CIGI’s Global Economy Program Manager comments on the G20 as a key forum to discuss economic cooperation on sustainable development, while highlighting that climate change will have negative economic impacts without adaptive infrastructure development over the coming years.
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