The G-20 and Job Creation


 

The Group of Twenty (G20) is the premier forum for international economic cooperation and decision-making, with members from 19 countries plus the European Union. G20 leaders, finance ministers and central bank governors meet regularly to discuss ways to strengthen the global economy, discuss growth strategies and improve financial regulation.

​​In 2008, the first G20 Leaders’ Summit was held, and the group played a key role in responding to the global financial crisis. Its coordinated actions boosted consumer and business confidence and supported the first stages of economic recovery. G20 leaders have met nine times since 2008.

The G20 is supported by international organisations, including the Financial Stability Board, the International Labor Organisation, the International Monetary Fund, the Organisation for Economic Co-operation and Development, the United Nations, the World Bank and the World Trade Organization. These and several other organisations are invited to attend key G20 meetings.

G20 also works with its official engagement groups, the B20, C20, L20, T20 and Y20, comprising business, civil society, organised labor, academia and youth.

Timeline

There have been eight Leaders’ Summits since 2008. These summits were:

2014 Brisbane

ILO Director General, Guy Ryder, joined G20 labor ministers for the annual summit in Melbourne, Australia.

2013 St. Petersburg

G20 heads agree in St. Petersburg, Russia on the implementation of measures for more inclusive jobs with the support of ILO and other international organizations.

2012 Los Cabos

ILO and the OECD gave technical support to the G20 Labor Ministerial Meeting held in Mexico from 17-18 May 2012.

2011 Cannes

ILO and OECD gave substantive contributions to the G20 group on the Employment and Labor Ministers meeting that took place in Paris from 26-27 September

2010 Seoul and Toronto

ILO provided extensive technical support to the G20 Ministers of Employment and labor meetings held in Washington DC and to G20 summits that took place in Toronto and Seoul

2009 Pittsburgh

The ILO contributed a technical report to the G20 Summit in Pittsburgh (September 2009) providing a first analysis of the employment and social impact of the extraordinary fiscal stimulus measures taken by governments. The ILO estimates were recognized by the IMF and by the media. The G20 Summit in Pittsburgh gave a strong mandate of “Putting quality jobs at the heart of the recovery” spanning job creation, social protection, training, decent work and ILO fundamental principles and rights at work. The ILO has since based its contributions to the G20 on that agenda.

2008 Washington