By iMFdirect

Certainly the world did not end in 2008 with the collapse of Lehman and the crisis that followed. But, it didn’t mostly—perhaps only—because extraordinary international policy cooperation helped avert a far worse outcome.
Dominique Strauss-Kahn

… the G-20 has now to adapt to a new economic environment. It must prove that it is able to coordinate the economic policies of major economies on an ongoing basis.
French G-20 Presidency

G-20 Finance Ministers and Central Bank Governors gather in Paris for their first ministerial level meeting of France’s G-20 presidency at a critical juncture–critical for the global economy, with tensions and risks emerging that require strong policy responses, and critical for ensuring actions on international policy cooperation and reform.

So, with all eyes turning to Paris, here is some recommended reading for G-20 watchers.

  • Why Dominique Strauss-Kahn wants the “right kind of recovery.”  He tells reporters at the G-20 in Paris that although global growth has resumed, it is uneven, both across and within countries. While some advanced economies face high unemployment, some emerging markets face the challenge of overheating.
  • Meanwhile, G-20 ministers and central bank governors compromise to agree on indicators to measure global imbalances. Read the communiqué.

Look here for more information on the G-20 and reform of the international monetary system.