If you like this presentation – show it...
7 Key Points About 'G20 SUMMIT'
What is G20? The Group of Twenty (G20) Finance Ministers and Central Bank Governors was established in 1999 to bring together industrialised and developing economies to discuss key issues in the global economy. The inaugural G20 summit took place in Berlin, December 1999, hosted by German and Canadian finance ministers. G20 Trade Ministers meeting is held on 5-6 October 2015 in Istanbul, Turkey. #1
Which countries are members of the G20? The G20 is made up of the finance ministers and central bank governors of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States of America. The remaining seat is held by the European Union, which is represented by the rotating Council presidency and the European Central Bank. #2
How often do they meet? It is normal practice for the G20 finance ministers and central bank governors to meet once a year. However, leaders met twice a year in 2009 and 2010, when the global economy was in crisis. #3
How does the G20 differ from the G7? The G7 was established in 1976 as an informal forum of seven major industrial economies: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America. It was re-named the G8 after the entry of Russia in 1998. Where the G7 seeks agreement on current economic issues based on the interests of those countries, the G20 reflects the wider interests of both industrial and emerging-market economies. #4
Who chairs the G20 summit? The G20 has no permanent staff of its own. The G20 chair rotates between members and is selected from different regional groupings each year. In 2014 the G20 chair was Australia, and in 2015 it will be Turkey. Hosting the summit is an opportunity to set the agenda and lead discussions. In 2009, when the UK hosted a special spring summit, former Prime Minister Gordon Brown orchestrated a deal in which world leaders agreed on a $1.1 trillion injection of financial aid into the global economy. The "historic" deal was widely viewed as a success. #5
Do all member countries exert equal influence? There are no formal votes or resolutions on the basis of fixed voting shares or economic criteria. Every G20 member has one voice with which it can take an active part in G20 activity. #6
The 2015 G20 Agenda Three key objectives of the 2015 G20 agenda for the global economy will be: Strengthening the Global Recovery and Lifting Potential Enhancing Resilience Buttressing Sustainability #7
In 2015, Turkey will attach utmost importance to strong cooperation and effective coordination among its members and also strengthening interaction between the G20 and Low-Income Developing Countries (LIDCs). Turkey aims to channel the influence of G20 to reach at concrete and beneficial outcomes for the global community. In this regard, Spain, Azerbaijan, Singapore and the chairs of ASEAN (Malaysia), African Union (Zimbabwe) and NEPAD (Senegal) are invited to the G20 meetings in 2015.
Get eBooks Website Thank You! Don’t forget to follow Kotak Securities on SlideShare to get regular updates! DEMAT Account
Disclaimer: Kotak Securities Limited. Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. CIN: U99999MH1994PLC134051, Telephone No.: +22 43360000, Fax No.: +22 67132430. Website: www.kotak.com. Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. Telephone No: 42856825. SEBI Registration No: NSE INB/INF/INE 230808130, BSE INB 010808153/INF 011133230, MSEI INE 260808130/INB 260808135/INF 260808135, AMFI ARN 0164, PMS INP000000258 and Research Analyst INH000000586. NSDL: IN-DP-NSDL- 23-97. CDSL: IN-DP-CDSL-158-2001. Compliance Officer Details:Mr. Manoj Agarwal. Call: 022 - 4285 6825, or Email: email@example.com . In case you require any clarification or have any concern, kindly write to us at below email ids: Level 1: For Trading related queries, contact our customer service at ‘firstname.lastname@example.org’ and for demat account related queries contact us at email@example.com or call us on: Online Customers – 30305757 (by using your city STD code as a prefix) or Toll free numbers 18002099191 / 1800222299, Offline Customers – 18002099292 Level 2: If you do not receive a satisfactory response at Level 1 within 3 working days, you may write to us at firstname.lastname@example.org or call us on 022 – 4285 8445 and if you feel you are still unheard, write to our customer service HOD at email@example.com or call us on 022-4285 8208 Level 3: If you still have not received a satisfactory response at Level 2 within 3 working days, you may contact our Compliance Officer (Name:Mr. Manoj Agarwal) at firstname.lastname@example.org or call on 91- (022) 4285 6825. Level 4: If you have not received a satisfactory response at Level 3 within 7 working days, you may also approach CEO (Mr. Kamlesh Rao) at email@example.com or call on 91-(022) 6652 9160. Investments in securities are subject to market risk; please read the SEBI prescribed Combined Risk Disclosure Document prior to investing. Derivatives are a sophisticated investment device. The investor is requested to take into consideration all the risk factors before actually trading in derivative contracts. Mutual Fund Investments are subject to market risks, please read the offer document carefully prior to investing. Kotak Securities Limited is a distributor of Mutual Funds. Kindly note that investments in Mutual Funds are made on the basis of the POA executed at the time of registration. Kotak Securities Limited is a distributor of IPO. Kotak Securities Limited is a distributor of Bonds and Debentures. The Bank account will be opened with Kotak Mahindra Bank Limited and Trading and Demat account with Kotak Securities Limited. This is an editorial content, our research should not be considered as an advertisement or advice, professional or otherwise. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile, and the like and take professional advice before investing.