International Cooperation in times of Global Crisis: Views from G-20 countries

The conference brought together 40 experts from 15 of the G20 countries for a two-day discussion on the G20 agenda. The general tone of the meeting was quite different from that of the first conference last year where the focus was on G20-wide responses, be it on the revamping of financial regulation and how to make it robust in any kind of country, on the global stimulus and its effectiveness, or on global imbalances. This year, the agenda was less exclusively forward-looking as participants provided first assessments of achievements this far. There was also less emphasis on global, uniform solutions. The group took stock of the reforms already decided (including the very recent agreement reached by the Basel Committee).

The discussions then focused on the distribution between global and regional/local solutions, concerning especially financial regulation and surveillance, macroeconomic rebalancing, monetary policies and financial safety nets.

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