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G20 Summit in Cannes

G20 Summit in Cannes

Published on November 3, 2011

The 6th Summit of the Group of 20 (G20) is taking place on Nov. 3 and 4 in the city of Cannes, in southeastern France. France currently holds the presidency of the group.

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Created in 2009 to tackle the economic and financial crisis, The G20 is an informal forum which gathers the heads of state and government of the 20 biggest economic powers, along with representatives from international organizations such as the International Monetary Fund (IMF), the World Bank and the United Nations.

The forum holds a central position in the coordination of the world economical policies.

During the Cannes Summit, the G20 members will take precise and concrete measures to provide effective answers to the unprecedented crisis that the world is going through since 2008, and to restore confidence in the financial stability of the euro zone.

Another goal of the meeting is to better regulate globalization through mutual agreements regarding financial regulation, economic aid to emerging countries, the fight against corruption, food safety and employment policies.
The G20 is also an opportunity for leaders to express their unity on today’s major economic challenges, as illustrated by the joint declaration of the French and American presidents Nicolas Sarkozy and Barack Obama.

Romaric Roignan, diplomat at the French Embassy in the US and expert of the international Summits, talks about the main topics of the Cannes G20 summit.

Follow the Twitter account of the Elysée for live news of the G20 in Cannes: https://twitter.com/#!/elysee

More information about the French Presidency of the G20 and the G8 at www.g20-g8.com

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