G20 launches Action Plan for Growth and Job Creation

Gathered in France, the leaders of the G20 launched on November 4 the "Cannes Action Plan for Growth and Jobs".

The plan aims at addressing short-term vulnerabilities and strengthening medium-term foundations for growth and job creation. It underlines the committment of the G20 leaders to support the recovery, ensure financial stability and restore confidence. As said by President Rousseff, global recovery depends on greater political cohesion and macroeconomic coordination between the world's major economies.

Read the full text of the Action Plan here

Created in 1999, the G20 is an important international economic forum to discuss key issues related to global economic stability. The group is composed of Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, the Republic of Korea, Turkey, the United Kingdom, and the United States of America.

By contributing to the strengthening of the  international financial architecture and providing opportunities for dialogue on national policies, international co-operation, and international financial institutions, the G-20 helps to support growth and development across the globe.