CIGI Distinguished Fellow Thomas Bernes provides expert analysis on the final G20 summit outcomes. He notes that the G20 is perceived to be assuming a more geopolitical and security role, and discusses what was and was not committed to in the final communiqué. Bernes highlights a further deterioration in global economic prospects that could create a difficult and challenging year for China’s presidency of the G20 in 2016.
November 18, 2015
CIGI Worldwide

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The Antalya G20 Summit: Verbiage But No Action

CIGI Distinguished Fellow Thomas Bernes provides expert analysis on the final G20 summit outcomes. He notes that the G20 is perceived to be assuming a more geopolitical and security role, and discusses what was and was not committed to in the final communiqué. Bernes highlights a further deterioration in global economic prospects that could create a difficult and challenging year for China’s presidency of the G20 in 2016.

Highlights

 

The G20’s Reputation as a Crisis Fighter Took a Hit at the Antalya Summit

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.”

CIGI Experts Sound Off on 2015 G20 Summit

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.

Think20 Calls on G20 to Fight the Financing of Terrorist Activities

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.

Next Steps for the G20

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.

No Longer Optional: The G20 and Financing Sustainable Development

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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