2012 Documents of the G20 Summit in Mexico

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"Foto de familia de la Cumbre del G-20 2012, Los Cabos, México." Photo by Gobierno de Chile, Flickr, Creative Commons License (CC BY 2.0)

 

  • G20 Labour and Employment Ministers' Conclusions (May 17-18, 2012 in Gudalajara, Mexico)
  • World Bank, Report for the G20 “Restoring and Sustaining Growth” (June 8, 2012)
  • The International Monetary Fund’s “Toward Lasting Stability and Growth”,  (June 2012) Umbrella Report for the G20 Mutual Assessment Process (MAP), assesses country performance against their policy commitments.  It states that “More attention is required to tackle stubbornly high unemployment in the near term in advanced economies, while doing more to ensure the soundness of public finances over time—especially in light of longer-term fiscal challenges.”
  • FSB on financial stability.  The report of the Financial Stability Board, “Overview of Progress in the Implementation of the G20 Recommendations for Strengthening Financial Stability,” (June 2012) describes the record of countries in adopting regulations to prevent future financial crises, including by introducing transparency to shadow banking.
  • A Toolkit of Policy Options to Support Inclusive Green Growth (July 2012). At the initiative of the G20 Development Working Group (DWG), the African Development Bank, the OECD, the UN, and the World Bank created this toolkit with recommended approaches to achieving "green growth" in numerous areas, including procurement, payments for ecosystem services, certification, innovation, and industrial policies.
  • Communique of Final Finance Ministers/Central Bank Governors Meeting,  (November 5, 2012, Mexico City)
  • Working Group on Energy and Commodities: G20 Inefficient Fossil Fuel Subsidy Reform Peer Review Process, (November 5, 2012)
  • International Monetary Fund (IMF):IMF Note on Global Prospects and Policy Changes” Group of Twenty -- Meetings of G-20 Finance Ministers and Central Bank Governors Meeting on November 4–5, 2012, Mexico City.  The IMF found that “While downside risks may have diminished somewhat lately, they still appear much higher than half a year ago…”  Moreover, political systems in the U.S. and Japan appear to be at an impasse with regard to fiscal challenges and, in Europe, “austerity may become politically and socially untenable in periphery countries, as structural and fiscal reforms will still take years to complete…[Moreover,] critical elements of establishing a banking union with common fiscal backstops will take some time to implement.”
  • United Nations Department of Economic Affairs: Statement to the G20 Sherpa Meeting (29-30 October 2012 in Cancun, Mexico) by Ms. Shamshad Akhtar, Assistant Secretary-General, UN Department of Economic Affairs identified “ win-win” solutions capable of “accelerating and better targeting job creation efforts, investing in green growth and sustainable agriculture, and strengthening development finance.”
  • International Labor Organization (ILO): ILO calls on G20 to live up to its promise to tackle the crisis”  (October 2012) The ILO chief said that “coordinated action by the world’s leading economies can and must prevent a slide into what he described as a political, economic and social quagmire.”
  • Three Trade and Investment Reports (October 2012)
    1) OECD/WTO/UNCTAD Joint Summary on G-20 Trade and Investment Measures (mid-May to mid-October 2012)
    2) WTO Report on G-20 Trade Measures (mid-May 2012 to mid-October 2012)
    3) OECD/UNCTAD Eighth Report on G-20 Investment Measures (mid-May 2012 to mid-October 2012)
    The WTO warns of trade protectionism at a time when trade frictions are increasing.  It found that, “Over the past five months, the global economy has encountered increasingly strong headwinds.  The outlook is worse than at the time of release of the previous G-20 monitoring report.  Output and employment data in many countries have continued to disappoint, despite the many measures implemented to contain the slowdown in economic growth.  In the face of these developments, the WTO Secretariat has revised downward its forecast for world trade growth in 2012 from its previous forecast of 3.7% to 2.5%. … With respect to investment, in the first half of 2012, global foreign direct investment (FDI) flows fell by 8 per cent compared to the first half of 2011.”
  • OECD/UNCTAD/WTO Reports on G20 Trade and Investment Measures (mid-October 2011 to mid-May 2012)
  • International Labor Organization (ILO) on Employment. “An ILO Note to the G20 Task Force on Employment” (September 2012) focuses on the crisis in youth unemployment (which is highest in Italy, South Africa, and Spain).  It also identifies the agenda for future work on the crisis, including the areas of a) labor market informality and productive employment; b) labor markets and social justice; and c) long-term structural unemployment.
  • G20 Finance Track: Proposed Work Plan for 2013 (November 1, 2012)