Summary and analysis of Washington G 20 meeting
From: Bretton Woods Project
Despite being billed as a ‘Bretton Woods 2′ meeting, the first G20 heads of state meeting in Washington in mid-November agreed little of substance, and was criticised for an opaque, closed preparation process.
The next G20 Heads of State meeting will be in London on 2 April 2009.
Under the following five headings, immediate actions and medium term actions are listed in the G20 statement, but most raise problems rather than proposing specific solutions. Finance ministers are tasked with coming up with additional actions in a number of areas, including: “reviewing and aligning global accounting standards” and “reviewing the mandates, governance, and resource requirements of the IFIs”. A revival of the Doha ‘development’ trade round is also promised by the end of the year. Poverty reduction and climate change merit only a passing reference.
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http://www.brettonwoodsproject.org/art-562975
Posted on November 17th, 2008 under housing & financial crisis, news • Tags: G 20. • 
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