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G20 FINANCE MEETING Christine Lagarde Christian Noyer 14-15 April 2011 – Washington DC

G20 FINANCE MEETING Christine Lagarde Christian Noyer 14-15 April 2011 – Washington DC. The G20 Finance Meeting accounts for 85% of the global economy. Equatorial Guinea. Equatorial Guinea. New ideas for a new world. Priorities of the French presidency of the G20

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G20 FINANCE MEETING Christine Lagarde Christian Noyer 14-15 April 2011 – Washington DC

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  1. G20 FINANCE MEETINGChristine LagardeChristian Noyer14-15 April 2011 – Washington DC

  2. The G20 Finance Meeting accounts for 85% of the global economy Equatorial Guinea Equatorial Guinea

  3. New ideas for a new world Priorities of the French presidency of the G20 Continuation of ongoing efforts: Financial regulation Macroeconomic imbalances (Framework for Strong, Sustainable and Balanced Growth) Development Three new priorities set by President Sarkozy: Reform of the international monetary system Tackling commodity price volatility Global governance The goal: a stronger, more stable and more resilient global economy Cannes Summit 3–4 November

  4. Areas of focus Areas of focus: Identify macroeconomic imbalances in order to reduce them and lay the foundations for strong and sustainable growth Reform the international monetary system to achieve financial stability in a multi-polar world Reduce excessive commodity price volatility and limit its impact Ensure comprehensive financial regulation Develop infrastructures in developing countries and provide innovative financing for climate change

  5. Washington G20 Finance MeetingPrincipal expectations Continue efforts begun at the meeting in Paris in February Progress on the definition of indicative guidelines for the Framework for Strong, Sustainable and Balanced Growth, in order to reinforce our capacity to coordinate our economic policies Follow up on the fruitful discussions at the High‐Level Seminar on the International Monetary System in Nanjing Guide ongoing work as regards financial regulation Further elaborate G20 responses to commodity price volatility Reaffirm the G20's support for efforts on innovative financing for both climate change and development

  6. Areas of focus Identify macroeconomic imbalances in order to reduce them and lay the foundations for strong and sustainable growth Reform the international monetary system to achieve financial stability in a multi-polar world Reduce excessive commodity price volatility and limit its impact Ensure comprehensive financial regulation Develop infrastructures in developing countries and provide innovative financing for climate change

  7. 1: Identify the sources of macroeconomic imbalances…

  8. …and agree on indicative guidelines… 8 Titre de la présentation

  9. …in order to improve coordination for growth 9 Titre de la présentation

  10. Areas of focus Identify macroeconomic imbalances in order to reduce them and lay the foundations for strong and sustainable growth Reform the international monetary system to achieve financial stability in a multi-polar world Reduce excessive commodity price volatility and limit its impact Ensure comprehensive financial regulation Develop infrastructures in developing countries and provide innovative financing for climate change

  11. International Monetary System Actions to take

  12. Working areas Exchange rates Surveillance

  13. 2.1. Reduce the need to accumulate reserves 13 Titre de la présentation

  14. 2.2. Better monitor international capital flows 14 Titre de la présentation

  15. 2.3. Ensuring the emergence of new international currencies 15 Titre de la présentation

  16. Areas of focus Identify macroeconomic imbalances in order to reduce them and lay the foundations for strong and sustainable growth Reform the international monetary system to achieve financial stability in a multi-polar world Reduce excessive commodity price volatility and limit its impact Ensure comprehensive financial regulation Develop infrastructures in developing countries and provide innovative financing for climate change

  17. 3. Reducing commodity price volatility and limiting its impact

  18. 3. Commodity price volatility – G20 Finance meeting Washington 18 Titre de la présentation

  19. Areas of focus Identify macroeconomic imbalances in order to reduce them and lay the foundations for strong and sustainable growth Reform the international monetary system to achieve financial stability in a multi-polar world Reduce excessive commodity price volatility and limit its impact Ensure comprehensive financial regulation Develop infrastructures in developing countries and provide innovative financing for climate change

  20. 4. Ensuring comprehensive financial regulation

  21. 4. Ensure comprehensive financial regulation

  22. 4. Financial regulationG20 Finance meeting Washington 22 Titre de la présentation

  23. Areas of focus Identify macroeconomic imbalances in order to reduce them and lay the foundations for strong and sustainable growth Reform the international monetary system to achieve financial stability in a multi-polar world Reduce excessive commodity price volatility and limit its impact Ensure comprehensive financial regulation Develop infrastructures in developing countries and provide innovative financing for climate change

  24. 5. Meeting our commitments towards development and the fight against climate change

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