Why the Need for Reform
Overview
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Building a Cooperative International Order for a New Era
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Achieving Greater Development Impact: Collaborating across the System
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Securing the Benefits of Interconnected Financial Markets: Reforms for Global Financial Resilience
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The G20 and the IFIs: Making the System Work as a System
Achieving Greater Development Impact: Collaborating across the System
The next decade is critical. We need substantially greater impact in helping countries achieve sustainable development and inclusive growth, and in managing the growing pressures in the global commons. The current pace of reforms will not get us there.
Securing the Benefits of Interconnected Financial Markets: Reforms for Global Financial Resilience
A decade after the global financial crisis, further reforms are needed to enable countries to get the full benefits of capital flows without risk to financial stability, and to avert another major global crisis.
The G20 and the IFIs: Making the System Work as a System
The role of the G20 in the global financial architecture should be reset. It should focus on developing political consensus on key strategic issues and crisis response. This requires freeing up space from its current crowded agenda and devolving work to the IFIs.
Report of the G20 EPG on Global Financial Governance
- Making the Global Financial System Work For All
- Abridged Report
- Foreword
- Overview
- Development
- Finance
- Governance
G20 Eminent Persons Group on Global Financial Governance
The Group was formally established by the G20 Finance Ministers and Central Bank Governors in April 2017. Its mandate was to recommend reforms to the global financial architecture and governance of the system of international financial institutions so as to promote economic stability and sustainable growth in a new global era.
Acknowledgements
The Eminent Persons Group received valuable feedback from national authorities from a broad range of developing and advanced countries, and benefited from extensive consultations with the international financial institutions (IFIs). We also benefited from the contributions and perspectives of individuals with deep experience in national and international policy-making; thought leaders from civil society, academia, think tanks and philanthropic organizations; and private sector leaders and experts in infrastructure investment, financial technology and other areas.
The Group would like to thank all these organizations and individuals for their candid and constructive views, in discussions and written submissions. Refer to the report for the list of contributions.
The Group wishes to acknowledge the generous support from the Bank of England, Banque de France, Deutsche Bundesbank, the Federal Reserve Bank of New York, and the Hoover Institution, Stanford University for hosting some of its meetings.
