The Wall Street Journal
March 30, 2010
- A d v e r t i s e m e n t
Leaders of the U.S., Canada, South Korea, Britain and France, looking to spur efforts to remake the international economic system, urged other leaders of the Group of 20 nations to “recommit themselves and deliver on the [G-20’s] ambitious reform objectives and agenda.”
By making the letter public, the five leaders sought to set the agenda for a June meeting in Canada of the G-20, the organization of industrialized and developing nations, and to achieve concrete results by the end of the year. “It’s acting on the agreements that matters,” the leaders wrote.
The G-20 has become the leading forum for international economic issues, but has an unwieldy leadership structure, which includes the countries that hosted last year’s summits, the U.S. and U.K.; this year’s summit, Canada and South Korea; and France, which will host next year’s summit. That is why all five leaders signed the letter. In addition, despite China and India’s growing weight in the global economy, they rarely play a leadership role in G-20 sessions.
The letter also comes about three weeks before a meeting of the International Monetary Fund in Washington where many G-20 issues will be hashed out.