From: jerryaspar@gmail.com   
      
        
   WORLD-TYRANT WORLD 11 17 14 1    
      
      
      
      
      
      
      
   G20 Leaders’ Communiqué Brisbane Summit, 15-16 November 2014    
      
      
   1. Raising global growth to deliver better living standards and quality jobs   
   for people across the world is our highest priority. We welcome stronger   
   growth in some key economies. But the global recovery is slow, uneven and not   
   delivering the jobs needed.   
    The global economy is being held back by a shortfall in demand, while   
   addressing supply constraints is key to lifting potential growth. Risks   
   persist, including in financial markets and from geopolitical tensions. We   
   commit to work in partnership to    
   lift growth, boost economic resilience and strengthen global institutions.    
      
      
   2. We are determined to overcome these challenges and step up our efforts to   
   achieve strong, sustainable and balanced growth, and to create jobs. We are   
   implementing structural reforms to lift growth and private sector activity,   
   recognising that well-   
   functioning markets underpin prosperity. We will ensure our macroeconomic   
   policies are appropriate to support growth, strengthen demand and promote   
   global rebalancing. We will continue to implement fiscal strategies flexibly,   
   taking into account near-   
   term economic conditions, while putting debt as a share of GDP on a   
   sustainable path. Our monetary authorities have committed to support the   
   recovery and address deflationary pressures when needed, consistent with their   
   mandates. We will be mindful of    
   the global impacts of our policies and cooperate to manage spillovers. We   
   stand ready to use all policy levers to underpin confidence and the recovery.    
      
      
   3. This year we set an ambitious goal to lift the G20’s GDP by at least an   
   additional two per cent by 2018. Analysis by the IMF-OECD indicates that our   
   commitments, if fully implemented, will deliver 2.1 per cent. This will add   
   more than US$2 trillion    
   to the global economy and create millions of jobs. Our measures to lift   
   investment, increase trade and competition, and boost employment, along with   
   our macroeconomic policies, will support development and inclusive growth, and   
   help to reduce inequality    
   and poverty.    
   4. Our actions to boost growth and create quality jobs are set out in the   
   Brisbane Action Plan and in our comprehensive growth strategies. We will   
   monitor and hold each other to account for implementing our commitments, and   
   actual progress towards our    
   growth ambition, informed by analysis from international organisations. We   
   will ensure our growth strategies continue to deliver and will review progress   
   at our next meeting.    
      
      
   Acting together to lift growth and create jobs    
      
      
   5. Tackling global investment and infrastructure shortfalls is crucial to   
   lifting growth, job creation and productivity. We endorse the Global   
   Infrastructure Initiative, a multi-year work programme to lift quality public   
   and private infrastructure    
   investment. Our growth strategies contain major investment initiatives,   
   including actions to strengthen public investment and improve our domestic   
   investment and financing climate, which is essential to attract new private   
   sector finance for investment.    
   We have agreed on a set of voluntary leading practices to promote and   
   prioritise quality investment, particularly in infrastructure. To help match   
   investors with projects, we will address data gaps and improve information on   
   project pipelines. We are    
   working to facilitate long-term financing from institutional investors and to   
   encourage market sources of finance, including transparent securitisation,   
   particularly for small and medium-sized enterprises. We will continue to work   
   with multilateral    
   development banks, and encourage national development banks, to optimise use   
   of their balance sheets to provide additional lending and ensure our work on   
   infrastructure benefits low-income countries.    
      
      
   6. To support implementation of the Initiative, we agree to establish a Global   
   Infrastructure Hub with a four-year mandate. The Hub will contribute to   
   developing a knowledge-sharing platform and network between governments, the   
   private sector,    
   development banks and other international organisations. The Hub will foster   
   collaboration among these groups to improve the functioning and financing of   
   infrastructure markets.    
      
      
   7. To strengthen infrastructure and attract more private sector investment in   
   developing countries, we welcome the launch of the World Bank Group’s Global   
   Infrastructure Facility, which will complement our work. We support similar   
   initiatives by other    
   development banks and continued cooperation amongst them.    
      
      
   8. Trade and competition are powerful drivers of growth, increased living   
   standards and job creation. In today’s world we don’t just trade final   
   products. We work together to make things by importing and exporting   
   components and services. We need    
   policies that take full advantage of global value chains and encourage greater   
   participation and value addition by developing countries. Our growth   
   strategies include reforms to facilitate trade by lowering costs, streamlining   
   customs procedures,    
   reducing regulatory burdens and strengthening trade-enabling services. We are   
   promoting competition, entrepreneurship and innovation, including by lowering   
   barriers to new business entrants and investment. We reaffirm our longstanding   
   standstill and    
   rollback commitments to resist protectionism.    
      
      
   9. Our actions to increase investment, trade and competition will deliver   
   quality jobs. But we must do more to address unemployment, raise participation   
   and create quality jobs. We agree to the goal of reducing the gap in   
   participation rates between men    
   and women in our countries by 25 per cent by 2025, taking into account   
   national circumstances, to bring more than 100 million women into the labour   
   force, significantly increase global growth and reduce poverty and inequality.    
      
      
      
   [continued in next message]   
      
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