Feb 21, 2016: G20
must focus on policy spillovers, says Lagarde
General Studies: Daily Capsule
Curtain Raiser –News Update (Feb 21, 2016)
G20 must focus on
policy spillovers, says Lagarde:
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G20 finance ministers and central bank governors will meet in
Shanghai on Feb 25 and 26
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IMF Managing Director Christine Lagarde said that G20 finance
ministers and central bank governors should focus on global economic
spillovers from their policy decisions when they meet in Shanghai
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She also said that G20 ministers should examine the
interactions of their countries' fiscal policies and structural reform moves
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The G20 Summit in 2016 will be held on
September 4 th and 5 th in Hangzhou, China
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four meetings will be held for Finance Ministers
and Central Bank Governors
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six for
finance deputies ( including one for communique drafting) to move forward the
financial agenda
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G20 was initiated in 1999 and consists of Argentina,
Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy,
Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey,
the United Kingdom, the United States and the European Union (EU)
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The first G20 Leaders' Summit was held in 2008.
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The Logo for the 2016 G20 Summit incorporates a stylized
bridge consisting of 20 layered lines, symbolizing the 20 members of the
Group, the pattern of “G20 2016 CHINA” and a seal with the characters “中国” (“China”)
in traditional Chinese font.
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The bridge signifies that the G20 is a bridge for global
economic growth, international cooperation and a win-win future.
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The layered lines
are reminiscent of fiber-optic cables, representing an inter-connected world
in the information age.
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The letter “O” highlighted in the image of “G20” embodies
unity and coordination among G20 members.
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The seal is a representation of traditional Chinese
culture and matches the English word “CHINA”.
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Source: G20 must focus on policy spillovers, says Lagarde,
Feb 21, 2016, The Hindu
Fiscal Responsibility
and Budget Management Act 2003:
XIV Finance
Commission:
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