Germany hands over G20 presidency to Argentina
Germany handed over presidency of the Group of Twenty to Argentina on 1 December. In the Finance track, "The future of work" and "Infrastructure for development" will be the Argentinian presidency’s priority areas.
As regards the future of work, the country is keen to open up a dialogue about the impact of technological change on productivity, growth and the labour market. Argentina considers the "Infrastructure for development" topic to be key to promoting inclusive growth. The next G20 leaders' summit is scheduled to take place in Buenos Aries in November 2018. The Argentinian Ministry of Finance and Argentina’s central bank are coordinating the G20 Finance track agenda.
Important progress made
Important progress was made under the German presidency according to Bundesbank President Jens Weidmann, speaking at a press conference on the sidelines of the IMF Annual Meeting in Washington in October 2017.
"I see it as a major success of our G20 presidency, now drawing to a close, that we managed to bring about an agreement between the G20 members on a set of principles for strengthening resilience," Weidmann explained. An express aim of the German presidency was to make national economies more resilient to economic shocks.
The current, previous and future presidencies have been working hand in hand to ensure continuity as the G20 agenda is taken forward. After Argentina, Japan will assume the G20 presidency in December 2018.
About the G20
The G20 is the leading forum for international cooperation on economic and monetary policy matters. It is therefore at the heart of multilateral financial diplomacy incorporating many partners.
The G20 consists of the 19 most important industrial countries and emerging market economies (EMEs) as well as the European Union and thus represents two-thirds of the world's population. Together, its members account for almost 90% of gross world product and roughly 80% of world trade