<\/p>\n
Financial leaders (front row, seated L-R) Mexico’s Finance Minister Luis Videgaray, Nigeria’s Finance Minister Ngozi Okonjo-Iweala, Brazil’s Finance Minister Guido Mantega, South Korea’s Finance Minister Hyun Oh-seok, Turkey’s Deputy Prime Minister for the Economy Ali Babacan, Australia\u2019s Treasurer and this year’s chairman of the… \u3082\u3063\u3068\u8aad\u3080<\/p>\n
PERTH, Australia, April 13 – Slow progress towards meeting economic growth targets set by the Group of 20 bloc of advanced and developing nations this year is “unacceptable”, Australian Treasurer Joe Hockey said on Sunday.<\/p>\n
G20 finance ministers had pledged to have “real and effective plans to lift the global economy by a further 2 percent” before they meet in Australia in September but were only one-tenth of the way there, he said.<\/p>\n
“The proposals put forward by nations so far have been unacceptable and they only meet 10 percent of our goal,” Hockey told Australian Broadcasting Corp. TV after talks in Washington.<\/p>\n
Hockey coordinated the talks, with Australia holding the G20 presidency.<\/p>\n
The agreement by the G20 nations at a meeting in Sydney in February to lift their collective GDP by more than 2 percent above what current economic policies would achieve over the next five years was reiterated in a statement on Friday.<\/p>\n
The statement acknowledged the political difficulties in making changes to reach that goal.<\/p>\n
“There was a very frank discussion about the fact that they need to be real and new commitments,” Hockey said.<\/p>\n
“It’s not good enough for some countries just to reheat previous announcements. You need to actually really do the heavy lifting,” he said.<\/p>\n
G20 members represent around 85 per cent of global gross domestic product, more than over 75 percent of global trade, and two-thirds of the world’s population.<\/p>\n
Finance ministers from the bloc will meet in the tropical Australian city of Cairns in September before a summit of G20 leaders in Brisbane in November.<\/p>\n
During the talks in Washington, Hockey was also deeply critical of delays in implementing changes agreed by the G20 bloc in 2010 for reform of the International Monetary Fund.<\/p>\n
The reforms would give more power to emerging markets such as Brazil and China and increase the IMF’s resources.<\/p>\n
Hockey blamed an impasse in the U.S. Congress for the delay, saying it “diminishes America’s global standing instead of enhancing it”.<\/p>\n
Reporting by Morag MacKinnon; Editing by Paul Tait<\/p>\n
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Financial leaders (front row, seated L-R) Mexico’s Finance Minister Luis Videgaray, Nigeria’s Fina<\/p>\n","protected":false},"author":2,"featured_media":2517930,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[785171],"tags":[762691,14869,3391,133795,467949,534347,762772,285050,762700,4626,762734,589033,49048,135664,763978,762916,33390,763055,762777,762815,238274,89874,769068,19294],"class_list":{"0":"post-2517929","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-australia","8":"tag-amers","9":"tag-asia","10":"tag-au","11":"tag-australia","12":"tag-br","13":"tag-cn","14":"tag-dbt","15":"tag-dip","16":"tag-emrg","17":"tag-eu","18":"tag-europ","19":"tag-fin","20":"tag-g20","21":"tag-gen","22":"tag-gfin","23":"tag-gvd","24":"tag-imf","25":"tag-latam","26":"tag-mce","27":"tag-plcy","28":"tag-pol","29":"tag-us","30":"tag-wbnk","31":"tag-19294"},"share_on_mastodon":{"url":"https:\/\/wakoka.com\/@news\/114460600935033303","error":""},"_links":{"self":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/posts\/2517929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/comments?post=2517929"}],"version-history":[{"count":0,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/posts\/2517929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/media\/2517930"}],"wp:attachment":[{"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/media?parent=2517929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/categories?post=2517929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wacoca.com\/news\/wp-json\/wp\/v2\/tags?post=2517929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}