The meeting of G20 Finance Ministers and Central Bank Governors has broken up in Cairns and Treasurer Joe Hockey says progress has been made on the group’s aim to lift global economic growth by 2% of the next five years.
Hockey said: “The IMF and OECD have looked at over 900 measures put forward by countries – of which 700 are new – and estimate our efforts could lift global GDP by 1.8 per cent through to 2018. Their analysis has been released. We are 90 per cent of the way there to meet our 2 per cent goal.”
- Download the G20 Finance Ministers Communique (PDF)
- Listen to Hockey’s statement and Q&A (24m)
- Watch Hockey (13m)
Closing Statement from Treasurer Joe Hockey to the G20 Finance Ministers and Central Bank Governors Meeting.
Treasurer’s closing statement, G20 Finance Ministers and Central Bank Governors Meeting
Today concludes the Cairns meeting of G20 Finance Ministers and Central Bank Governors.
This is our third meeting this year, and let me say it was marked by a strong spirit of cooperation, helped no doubt by the wonderful Cairns community and environment. [Read more…]