The G-20 gets overambitious

Forbes: With economies around the world showing signs of recovery, the G-20 ran the risk of losing momentum and relevance. The Pittsburgh summit was successful in presenting a series of actions that should keep the need for dialogue on global economic coordination firmly in the spotlight.

Global economic framework. The G-20 officially launched a Framework for Strong, Sustainable and Balanced Growth, which is to be formally established on Nov. 6-7 during the G-20 Finance Ministers and Central Bank Governors Meeting. It aims to be a process of mutual assessment of policy frameworks and their implications for the pattern and sustainability of global growth, while trying to identify potential risks to financial stability. Supposedly, G-20 members will agree on shared policy objectives, with the aim of having collectively consistent policies, which receive constant IMF support.  Read Article

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