The 11th Leaders’ G20 summit will be held from 4 to 5th September 2016 in Hangzhou,China. The theme of G20 summit is“building an innovative, invigorated, interconnected and inclusive world” .The summit will focus on the urgent,important ,prominent challenge of the world’s economy.The leaders of G20 will deliver confidence to the world and inject momentum into global economic growth at a summit in Hangzhou.
Before the G20 Hangzhou summit, we'll look at the key outcomes achieved over the years:
The first G20 Leaders’ Summit was held from 14-15 November 2008 in Washington D.C., United States of America. The summit focused primarily on strengthening financial regulation, with agreement on a 47-point action plan to improve financial regulation over the medium term.
G20 leaders met on 2 April 2009 in London, United Kingdom.
The summit focused on coordinated fiscal and monetary stimulus measures with the amount of 1.1 trillion US dollars to avert the threat of global depression, agreed on additional resources for the IMF and multilateral development banks to assist countries to weather the financial crisis and to establish the Financial Stability Board.
The G20 Leaders’ Summit was held from 24-25 September 2009 in Pittsburgh, United States of America.
Leaders designated the G20 to be the premier forum for international economic cooperation, agreed to act together to support the global recovery through a Framework for Strong, Sustainable and Balanced Growth with a Mutual Assessment Process, and to reform global financial institutions, such as the International Monetary Fund and the World Bank.
The G20 Leaders’ Summit was held from 26-27th June 2010 in Toronto, Canada.
The summit focused on the need for fiscal consolidation, with agreement that advanced G20 deficit economies would at least halve fiscal deficits by 2013 and stabilise or reduce sovereign debt ratios by 2016, complemented by ongoing structural reform across all G20 members to rebalance and strengthen global growth.
Leaders also agreed to conclude work in the Basel Committee on Banking Supervision on a new global regime for bank capital and liquidity by the Seoul G20 Summit and reiterated support for a successful conclusion to the Doha Round, welcomed the fulfillment of their commitment to provide a US$350 billion increase in capital to multilateral development banks and associated institutional reforms.
The G20 Leaders’ Summit was held from 10-11 November 2010 in Seoul，Republic of Korea.
G20 leaders agreed to develop guidelines for addressing large current account imbalances under the Framework for Strong, Sustainable and Balanced Growth, delivered on International Monetary Fund (IMF) quota and governance reform and initiated the G20 development agenda and launched the Seoul Development Consensus for Shared Growth.
The G20 Leaders’ Summit was held from 3-4 November 2011 in Cannes, France.
Key outcomes of the summit are including the development of a country-specific Cannes Action Plan for Growth and Jobs, agreement to strengthen the World Trade Organization by considering additional and parallel international trade negotiations beyond the Doha Round mandate and the adoption of an action plan to support the development and deepening of local bond markets.
2012 Los Cabos
The G20 Leaders’ Summit was held from 18-19 June 2012 in Los Cabos, Mexico.
Key outcomes of the summit are including the establishment of country-specific measures each G20 member would take to strengthen demand, growth, confidence and financial stability under the Los Cabos Growth and Jobs Action Plan, reaffirmation of G20 member pledges to increase International Monetary Fund (IMF) resources by US$456 billion and to implement the 2010 IMF quota and governance reforms and progress on the G20 development agenda, particularly on food security, financial inclusion, sustainable development and inclusive green growth.
2013 St Petersburg
The G20 Leaders’ Summit was held from 5-6 September 2013 in St Petersburg, Russia.
Key outcomes of the summit are including the St Petersburg Action Plan, which sets out reforms for achieving strong, sustainable and balanced growth, coupled with an Accountability Assessment describing progress made on past commitments, extending the G20’s and a reaffirmed commitment to implementation of agreed financial regulatory reforms and International Monetary Fund reform.
The G20 Leaders’ Summit was held on 15-16 November 2014 in Brisbane, Australia.
The centrepiece was the delivery of country-specific growth strategies and a Brisbane Action Plan for growth. G20 leaders set an goal to lift the G20's GDP by at least additional two percent by 2018. Other outcomes from the Brisbane Leaders’ Summit include: Endorsement of landmark G20 Principles on Energy Collaboration. Leaders also agreed a G20 Energy Efficiency Action Plan to deepen their collaboration on energy efficiency. Leaders noted their deep concern about the humanitarian and economic impacts of Ebola and issued a standalone statement of the G20’s commitment to fight the current outbreak and support the international response. （G20）