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Jakarta Post

The Los Cabos Summit: The G20 remains a process

  • Maria Monica Wihardja

Jakarta   /   Mon, March 26 2012   /  09:00 am

The G20 is at a crossroads and the world is watching. A lack of continuity, legitimacy and credibility are shadowing the G20 in 2012.

This year’s Los Cabos Summit takes place only seven months after the Cannes Summit, yet it has a very ambitious agenda: green growth. Last year’s agenda was hijacked by European crisis management. This time, green growth has been criticized as having a lack of clarity in terms of where it is leading to.

On the topic of economics and finance, a financial inclusion, financial literacy and consumer protection agenda will give an inclusiveness that is important to Mexico as the first developing country to hold the G20 Summit.

But there are other agenda items, such as disaster-risk management, which is also a top concern for APEC and ASEAN. Mexico will also push for governance and voting reforms for international financial institution...