Review of the National Gas Pipelines Access CodeOctober 16, 2000
Dollar, G-20, National Australia Bank, TelecardOctober 18, 2000
TREASURER TO ATTEND SECOND MEETING OF G-20
I will be attending the second annual meeting of the G-20 Finance Ministers
and Central Bank Governors in Montreal on 24-25 October 2000.
The G-20 was established last year as a forum for informal, high-level
dialogue among policy-makers of systemically important economies in the
world financial system. In addition to the G-7 economies and Australia,
its membership includes Argentina, Brazil, China, India, Indonesia, Mexico,
Russia, Saudi Arabia, South Africa, South Korea, Turkey and the European
Australia is a member of the G-20 in recognition of the high profile
role it has played in promoting international financial reform. My participation
in the G-20 meeting also reflects the Governments commitment to representative
groups that better reflect the changing economic weight of the worlds
economies, and more properly represent the economies of our region.
The G-20 agenda includes discussion of the policy challenges facing the
global economy in the current environment and the appropriate policy responses
to the challenges posed by globalisation. Discussions will also be focussed
on measures to promote a more stable international financial system in
which countries are less vulnerable to crisis, including on the emerging
consensus on “best practices” in a number of key policy areas.
Before the G-20 meeting I will be going to New York to meet with key
corporate and financial investors. In a recent paper, the US Federal Reserve
recognised that Australias productivity growth has out-performed that
of the United States in recent years. I will take the chance to emphasise
Australias strong economic fundamentals, including high growth, low inflation,
high productivity and an excellent outlook.about our economys strong
performance and outlook, including on its “new economy” characteristics.
17 October 2000
Contact: Niki Savva 02 6277 7340