1) October 21, 2010 khan Deputy Finance Ministers’ & Deputy Central Bank Governors Meeting
2) October 22~23, 2010 khan G20 Finance Minister’s & Central Bank Governors’ Meeting

Twenty world leaders will come together in Seoul this November to discuss the state of the global economy as it emerges from the financial crisis. Together, they will take the necessary steps to reduce market volatility and move past the crisis, creating sustainable growth going forward.

The fall meeting will be the fifth leaders summit and the first in an emerging country, reflecting shifts in the global economic balance and a growing understanding of the interdependence of countries and regions in the international financial system.

In addition to heads of government from the twenty member countries, central bankers and finance ministers, the heads of key international institutions, including the United Nations, the International Monetary Fund, the World Bank and the Financial Stability Board, will participate in the meetings, November 11-12. Member countries include the G8 developed economies along with emerging economies such as the Republic of Korea. Together, the members of the G20 represent over 85% of the world economy.

Summits held to date – in Washington D.C., Pittsburgh, and London – the G20 averted economic catastrophe. In Pittsburgh, the G20 leaders agreed that, going forward, the G20 would be the premier forum for international economic cooperation, ushering in a new system of global economic governance. In Seoul this November, the leaders will take that mandate forward, paving the way for future sustainable and balanced growth.

Within the larger agenda, the leaders will continue to work to build a lasting system of cooperation – a framework – and to reform international financial organizations and financial regulations. At the Seoul Summit, the G20 will build on past agreements, while introducing new agenda items that support the same fundamental goals. Specifically, Korea will support discussion of a system of global financial safety nets and plans to reduce global poverty and the development gap. The Republic of Korea is delighted to host this unique event, and to offer lessons learned from its recent past in pursuit of future prosperity.

Agenda an discuss tur hrang hrang te :

In the short term, the G20 will try to build on this less-than-robust recovery and further enhance international cooperation to generate strong, sustainable and balanced growth. Toward that end, the G20 Seoul Summit will focus first on following up on previous G20 commitments within the established time-frame. Those commitments include: safeguarding the ongoing recovery and restoring fiscal sustainability; ensuring strong, sustainable, and balanced global growth; building a stronger international financial regulatory system; and modernizing international financial institutions -

1. Ensuring Ongoing Global Economic Recovery

The world economy continues to recover faster than anticipated, but significant challenges remain. The recovery is uneven and fragile and unemployment in many countries remains at unacceptable levels.Moreover, recent events highlight the importance of sustainable public finances.

In June, at the Toronto Summit, the leaders of the G20 agreed on the importance of safeguarding and strengthening the recovery while laying the foundation for strong, sustainable

2. Framework for Strong, Sustainable, and Balanced Growth

At the Pittsburgh Summit, the G20 leaders launched the Framework for Strong, Sustainable, and Balanced Growth to strengthen international cooperation in the interest of future economic growth and stability.

The leaders of the G20 tasked the IMF to support a mutual assessment process for the Framework, in conjunction with other relevant international organizations with expertise on development, finance, labor market, and trade.

At the Toronto Summit, the leaders reviewed the results and agreed on a set of policy options which, if implemented, would bring the world economy closer to the G20’s shared objectives.

At the Seoul Summit, the leaders will agree on a comprehensive policy action plan designed to lead the world toward strong, sustainable and balanced growth

3. Strengthening the International Financial Regulatory System

The G20 leaders have committed to strengthening the financial regulatory system both to sustain global growth and to prevent future crises. These efforts toward financial sector reform are largely geared toward restoring the industry’s integrity, transparency and accountability, thereby allowing it to regain the confidence of the general public.

According to the timeline created at the Pittsburgh Summit, more stringent international rules regarding bank capital and liquidity requirements will be created by the end of 2010. They will then be phased in as financial conditions improve and economic recovery is assured, with the aim of implementation by end-2012. In addition, the G20 tasked the Financial Stability Board (FSB) to develop capital and liquidity standards for systemically important financial institutions (SIFI) in order to prevent excessive risk taking. The G20 leaders also asked the FSB to suggest appropriate resolution tools to address the potential failures of SIFIs.

At the Toronto Summit, the G20 Leaders (i) affirmed their intention to reach agreement on a new capital framework by the Seoul Summit and (ii) called on the FSB to consider and develop concrete policy recommendations to deal with SIFIs by the Seoul Summit. In addition, the Leaders called on the FSB, the Basel Committee on Banking Supervision (BCBS)and other relevant organizations to report on the progress made, and new reforms required, in the areas of supervision, hedge funds, credit rating agencies and over-the-counter derivatives to the Finance Ministers and Central Bank Governors at their October meeting.

4. Modernizing the International Financial Institutions

“We called for an acceleration of the substantial work still needed for the IMF to complete the quota reform by the Seoul Summit and in parallel deliver on other governance reforms, in line with commitments made in Pittsburgh.” G20 Communique, June 26-27, 2010

For the G20, the crisis has called into question the effectiveness of existing international financial institutions. In Toronto, the G20 Leaders reaffirmed the urgency of IMF reform and called for the reform to be completed by the Seoul Summit.

Those reforms entail a shift in quota share to dynamic emerging market and developing countries of at least 5% from over-represented to under-represented countries. In addition, the Leaders committed to addressing the issue of the size of any increase in quotas, size and composition of the Executive Board, ways of enhancing the Board’s effectiveness, the Fund Governor’s involvement in the strategic oversight of the IMF, staff diversity, and a merit-based selection of heads and senior leadership of all IFIs.

Going forward, the IMF is expected to strengthen its ability to provide even-handed, candid and independent surveillance of the risks facing the global economy and the international financial system. Moreover, in collaboration with the FSB, it is expected to provide advance warning of macroeconomic and financial risks, and offer appropriate recommendations to head them off.

Meanwhile, the World Bank has already reached agreement on shifting 3.13% of voting power to developing and transition countries, delivering on its commitment to reach the agreement by April of this year.

SOURCE

[Report abuse]

# zualbonez comment (keulet peih lo)… true entrpreneur takes risk first, then try to find solution..tih lam pang tih khi a dik lutuk. Mizo chu sawrkar a tanpuina kan dawn phawt loh chuan engmah ti theilo, sum neihphawtloh chuan engmah hma la theilo..adt..mentality hi kan mutan a ni. Hei hi mental bondage, kan palchah tur ani.

#China leh US chu economy system dang daih anni. China chuan Socialist tarmit atangin a thlir a, currency a tihniam chuan export a sang ang, mahse producer/manufacturer a lian thei tak tak ngai lovang.Chinese tan Millionaire/Billionaire chu har tak ani, khiti khawp in lian chak mahse, worlds top 100 Billionaires a chinese pakhat pawh anla nei theilo. An tam em avangin survival game an khelh a ngai a,chu chu communist sawrkar khian a hmang tangkai em em ani, an tam em em mai khi an chakna thuruk chu ani. US chuan democracy/individualist tarmit atang in a thlir a,thawh rim chuan khitah khitah a invawrh theih a, chu chuan mimal theihna rilber a cho chhuak thung, tam nilovin mihring a duhamna a kha hmanrua ah a hmang thung ani. China policy khi chu USSR khan a tlakchhiatpui daih thung, in ang chiah chiah chu anni lo nang in, chutiang in Burma in a thatpui lo. India hi a pahnih inkawp socialist democratic govt ania, an insual reng chu anih hi. WB hi communist state a nia, an industry zawng zawng Delhi leh western India lam in an luahlan deuh vek tawh(hei hi time zone related issue ani bawk). India chu British democratic system leh education in min brain-washed a, a rah chhemi-corruption chiah ka kuitiak a, kan pan lam a la chiang theilo. Chutih laiin a lian te chu khitah khitah an awm tho si..Ambani, Mittal,Premji, Birla, Tata, adt.
# US currency hlutna tlahniam zel hi a serious khawp mai,foreign investment US dollar a a kalloh hun hun chu an ram tlakchhiat hun ani mai, chu chu downfall of democracy Empire ani mai hmel. India hian heihi a hmuhhmaih hauh lo ang, awn zawk tur a hre hrihlo mai a nih hmel. Heti khawp a democracy leh corruption kan chhiatpui hi chuan, Chinese Socialism hi kan hmalawk ah hian a awn thut mai thei ani, an chakna thuruk quantity hi kan nei ve reng si a.

[Report abuse]

[Report abuse]

[Report abuse]

[Report abuse]

[Report abuse]

Pawisa thlengin, sawrkar hian a thlawna a neih anih biklo a, tax payers ten han taka an thawh hlawh atanga tax an pek te ania, keini pawhin Indirect tax hi kan thil lei apiang tehian kan pe ve bawka. sawrkar pawisa ti a renloh ringawt tur anilo alawm.

[Report abuse]

[Report abuse]

A thu hrimin, Indian economy hi export-ah a la innghat thui lutuk lo a ni law’m ni? Kan international trade en chuan kan GDP-a 15% bak a chang lo a, chu chu khawvel pum insumdawntawnnaah phei chuan 2% vel chuah a ni. Ka figures neihte hi a purana deuh hlek tawh mai thei e.

“Super Power” ram kan nih hunah meuh chuan ram danga han zin kual chang pawhin, Indian Rupee chauh keng pawh ni ila, “Dollar chauh lo chu,” tia min lo hnawl tawh loin, zah takin min lo pawmsak em em tawh mai dawn a ni law’m ni?!

China bikah chuan, tunlai hian US hian a helh fu a ni awm e. Chinese export hnuhhniam nan an domestic demand tisang se, chu chuan US leh ram dang export a tihsan phah dawn sia, te a ti vel. Chinese-hoin an Yuan an tihhniam luih reng avanga export lama “unfair advantage” an nei thei reng bikte pawh hi Asian countries dangte pawhin an helh hlawm khawp mai.

Hmanni lawka G20 inhmuhkhawmah erawh US Dollar a hniam mek laiin mahni export tihsan duh vang ngawta mahni ram pawisa theuh tihhniam lo phawt an rel thluk kha.

[Report abuse]

[Report abuse]