The G20 Finance Track remains on track after the Hamburg Summit. The final statement reads: “An open and resilient financial system, grounded in agreed international standards, is crucial to supporting sustainable growth”. Sounds familiar? It should. Leaders recognized the need of “effective and representative global economic and financial institutions to underpin growth and sustainable development”. No news here, either.
Blog Series: What remains of the G20 Hamburg Summit?
In the topsy-turvy world of the G20, women’s economic empowerment – a controversial issue given the poor record of some G20 members – has become an area where it seems easier – relatively! – to build consensus. Praise, or blame, First Daughter Ivanka Trump to promote the gender economic agenda with her father. Or admire Angela Merkel’s diplomatic skills given that, earlier this year, she picked gender equality as one of the few items that were unlikely to be stumped on by the new US administration.
Von Heiner Geissler stammt der berühmte Satz: „Es gibt Geld wie Dreck auf der Welt, es haben nur die falschen Leute.“ Das war 2011. Heute gibt es noch mehr Geld, und es ist erst recht in den Händen der falschen Leute. Schätzungen des Tax Justice Network zufolge liegen in den sogenannten „Steueroasen“ der Welt mindestens 21 Billionen Dollar, das sind 21.000 Milliarden Dollar. Eine 21 mit 12 Nullen.
The recently held G20 Summit in Hamburg has set high hopes for the G20 process in terms of being inclusive, effective and result-oriented. The fact that trade, investment, migration, terrorism and many other priorities including excess capacity in the steel sector could be incorporated with specific action is testimony to collective commitment for a better world.
