The G20 Finance Ministers have committed to a collective growth rate of 2% above the current trajectory over the next five years.
Speaking after the meeting of Finance Ministers and Central Bank Governors in Sydney, Treasurer Joe Hockey said: “Realistically, these policies could mean an extra US$2 trillion in global economic activity and tens of millions of additional jobs.”
Each country in the group has agreed to deliver a comprehensive growth strategy as part of the Brisbane Leaders Summit in November.
- Listen to Joe Hockey’s press conference (24m)
- Listen to US Treasury Secretary Jack Lew (16m)
Media release from the Treasurer, Joe Hockey.
CONCLUSION OF G20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS MEETING IN SYDNEY
Today marks the conclusion of the first G20 Finance Ministers and Central Bank Governors Meeting in Sydney, which is the first on Australia’s soil as part of our host year.
In an unprecedented statement, the G20 Finance Ministers and Central Bank Governors committed to implement policies to grow our collective GDP by more than 2 per cent above the current trajectory over the next five years. [Read more...]