Sunday, November 7, 2010

Agenda for the G20 Seoul Summit

by Staff

8 November 2010

The stunning natural beauty of South Korea provides an excellent backdrop for the G20 summit meeting taking place on the 11th and 12th. The key items on the agenda this year have one thing in common, and it is economic recovery for both the present and long-run.

Also on the agenda is the issue of the IMF giving better more fair support to developing countries, many of whom consider their interests to be under-represented in the global community. There is a plan to create a 5% shift in quota from over-represented countries to under-represented countries, specifically those that are dynamic and emerging economies. For such economies, financial safety nets are said to need strengthening. Alleviating poverty and hunger are also considered important to the G20 and are in line with the United Nation's Millennium Development Goals.  

The Seoul Summit, according to Il Sa-kong, Chairman of the Presidential Committee for the G20 Summit, will be the "...litmus test for the G20's future as the premier forum for international economic cooperation."