G20/G7
Priorities for the G20: The St. Petersburg Summit and Beyond
Pierre Siklos
Thomas A. Bernes
Susan Schadler
Barry Carin
On September 5-6, 2013, leaders of the world's major advanced and emerging economies will meet in St. Petersburg, Russia for the G20 summit, with a focus on developing policies aimed at improving sustainable, inclusive and balanced growth, and jobs creation around the world. In this special report, CIGI experts present their perspectives and policy analysis on the key priorities facing the G20 at St. Petersburg, including macroeconomic cooperation, sovereign debt management systems and stimulating international development.
An overview by Domenico Lombardi, director of CIGI's Global Economy Program, gives a preview of what to expect at the St. Petersburg summit. Paul Jenkins discusses the role of unconventional monetary support in promoting global economic growth. Pierre Siklos comments on the technical and cultural gaps the G20 must adress in order to lay the groundwork for renewed economic growth. Thomas A. Bernes discusses the IMF quota and governance reform. Susan Schadler examines sovereign debt restructuring. Barry Carin uses a Thai legend of albino elephants to illustrate the delicate balance of development within the G20. Finally, Gordon Smith suggests that the political dimensions of Russia hosting the G20 are overlooked and deserve greater attention.
Paul Jenkins is a CIGI distinguished fellow. His research focuses on international policy coordination and financial stability, with a particular interest in the G20. Previously he served as senior deputy governor of the Bank of Canada.
Pierre Siklos is a CIGI senior fellow. His research interests include applied time series analysis and monetary policy, with a focus on inflation and financial markets.
Thomas A. Bernes is a CIGI Distinguished Fellow. After a distinguished career in the Canadian public service and at leading international economic institutions, Tom was CIGI's executive director from 2009 to 2012. He has held high-level positions at the International Monetary Fund, the World Bank and the Government of Canada. He became a distinguished fellow in 2012.
Susan Schadler is a CIGI Senior Fellow. She is a former deputy director of the International Monetary Fund's European Department. Her research interests include the sovereign debt crisis, global capital flows, global financial institutions and growth models for emerging market economies.
A former Canadian deputy foreign minister, NATO ambassador and G7/G8 Sherpa, Gordon Smith is a leading expert on the evolution of the G20 and global summitry.
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