Archived - Minister Oliver Concludes Participation at the G-20 Finance Ministers and Central Bank Governors Meeting
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September 5, 2015 – Ankara, Turkey – Department of Finance
Finance Minister Joe Oliver today concluded his participation at the G-20 Finance Ministers and Central Bank Governors Meeting, held from September 4 to 5, 2015, in Ankara, Turkey.
- The G-20 is the premier forum for international economic cooperation, with members accounting for 85% of global output and two-thirds of the world's population.
- A key focus of the G-20 has been to foster strong, sustainable and balanced global growth through collective actions.
- At the Ankara meeting, Canada encouraged other G-20 members to implement the growth strategies put forward at the 2014 Brisbane Summit. These strategies, if fully implemented, are expected to lift the G-20's collective gross domestic product by 2.1% by 2018.
“At the G-20 meeting in Ankara, Turkey, I met with my finance minister counterparts and central bank governors to take stock of the global economic situation, including slow growth, especially in developing countries and increased volatility in financial markets. We considered a variety of monetary, fiscal and structural policies to enhance job creation, growth and stability.”
“As co-chair of the G-20 working group responsible for global growth strategies, I emphasized the importance of individual and coordinated action. I also pointed out Canada's strong economic foundation and low-taxes and balanced-budget approach as a model for other G-20 countries.”
- Joe Oliver, Minister of Finance
Office of the Minister of Finance
Department of Finance