From the Mexican to the Russian G20 Presidency
The G20 has proven that it can respond to crises. Challenging a plethora of skeptics, the G20 is now a long-term process in motion. Still, it has to live up to the expectations that it can prevent global risks and break deadlocks that paralyze other institutions responsible for resolving critical issues.
The G20 leaders’ decisions on the Mexican 2012 Presidency’s five priorities, which are broadly shared across the G20 members and beyond, are expected to:
- -- advance global financial and economic stability;
- -- promote growth and jobs creation through structural reforms;
- -- make progress towards international financial institutions reform;
- -- strengthen financial regulation; and
- -- enhance food security and mitigate commodity price volatility.
Whether or how the G20 (and relevant institutions) implements the Los Cabos Summit commitments will show if our expectations are realistic.