G20 Summit Leaders Agreed To Discuss Global Growth

G20 Summit Leaders Agreed To Discuss Global Growth Under pressure to jolt the lethargic world economy back to life, leaders of G-20 nations on Sunday finalized a plan to boost global GDP by more than $2 trillion over five years. The fanfare, however, was overshadowed by tensions between Russian president Vladimir Putin and Western leaders. The communique from the Brisbane summit of Group of 20 wealthy and emerging nations revealed that the plan for jumpstarting growth includes investing in infrastructure, increasing trade and the creation of a global infrastructure hub that would help match potential investors with projects. Leaders also aim to reduce the gap between male and female participation in the workforce by 25 percent by 2025, saying that would put 100 million more women in employment and reduce poverty. Speaking at the end of the summit, Australia's Prime Minister Tony Abbott said countries will hold each other to account by monitoring implementation of their commitments to boost growth. The G-20, criticized in recent years as being all talk and no action, was urged to deliver measurable results this year. Perhaps in response, the group said the International Monetary Fund and OECD will also play a role in monitoring progress and estimating the economic benefits of the growth plan. Source: https://news.yahoo.com/russia-g-20-were-warships-085535367.html