Sherpas track

23 October 2013

G20 Sherpas' Meeting

On October 23-24, 2013 the sixth G20 Sherpas' Meeting under the Russian Presidency was held in Moscow. The meeting became the final event of the multiple-stage system of promotion and implementation of the Russian initiatives; the outcomes of the whole Russian G20 Presidency year will also be highlighted.

During the meeting the results of the G20 Summit held in St.Petersburg which are reflected in concrete commitments assumed by the Leaders and fixed in the Final Declaration and supporting documents were discussed. The Sherpas also considered the outcomes of the G20 Finance Ministers and Central Bank Governors' Meeting and meetings of the G20 International Financial Architecture Working Group, Employment Task Force, Development Working Group and Anti-Corruption Working Group, which were held in October as well.

The G20 Leaders' representatives focused their attention on the issues of the main working strands of the forum, such as ensuring strong, sustainable and balanced growth; addressing the issues of employment; financing for investment; enhancing multilateral trade; tax regulation; reform of the international financial architecture; financial regulation; international development assistance; energy sustainability and pursuing the fight against the climate change; and combating corruption. Further steps built on the results already achieved in all these were hinted at the meeting.

An equally important item on the meeting's agenda pertained to passing over Russia's experience in holding the G20 events and framing its working agenda, and presentation by Australia of the blueprinted priorities for its Presidency in 2014. Given that the St.Petersburg Summit commitments implementation goes far beyond 2013, the task for Australia is not only in measuring the progress achieved in implementing these commitments, but also in suggesting new ways and mechanisms for further economy growth in the G20 countries.