G20 Leaders’ Summit: Growth could benefit smaller nations

The eight-page draft also said the IMF and the OECD will monitor the G20 commitments

BRISBANE: Efforts by the world’s 20 major economies in boosting economic growth by a 2.1 per cent target could deliver “spill overs” for smaller nations, reported The Australian newspaper, citing a draft copy of the G20 Brisbane Action Plan.

The newspaper said the draft statement promises that non-G20 economies would grow a further 0.5 per cent by 2018 as a result of the “positive spill overs” from the agreement in Brisbane.

The eight-page draft also said the International Monetary Fund and the Organisation for Economic Cooperation and Development will monitor the G20 commitments and hold countries to account if they do not deliver, The Australian reported. The final communique will be issued on Sunday at the conclusion of the G20 Leaders’ Summit.

Published in The Express Tribune, November 16^th, 2014.

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