G20 Summit Analysis
June 5, 2012 The Group of Twenty C/O Ambassador Patricia Espinosa Cantellano Secretary of Foreign Affairs Ministry of Foreign Affairs Ave. Juárez #20 Col. Centro, Cuauhtémoc, México, D.F., 06010 Mexico By e-mail: pespinosa@sre.gob.mx GLOBAL SUSTAINABILITY AND GROWTH RECOMMENDATIONS FOR THE G-20 LEADERS’ SUMMIT – JUNE 18-19, 2012 Dear Ambassador Patricia Espinosa Cantellano: The International Federation of Accountants (IFAC) is pleased to present the following recommendations for consideration at the G-20 Leaders’ Summit on June 18-19, 2012 in Los Cabos, Mexico. These recommendations focus on actions aimed at promoting global sustainability and growth, and are directed towards several of the stated priorities of the Mexican presidency of the G-20. This letter follows previous submissions to the G-20 in 2009, 2010, and 2011, and a letter submitted earlier this year. The first letter for 2012 was addressed to G-20 Deputies and Finance Ministers and focused solely on public sector financial management, transparency, and accountability (www.ifac.org/publications-resources/ifac-makes-recommendations-g-20). This current submission is addressed to G-20 Leaders, and as noted earlier, focuses on global sustainability and growth. Priorities of the Mexican Presidency of the G-20 In developing and presenting recommendations pertaining to global sustainability and growth, IFAC is providing matters for consideration that are relevant to the stated priorities of the Mexican Presidency of the G-20. In particular, IFAC believes that the following recommendations, if adopted, will contribute to: (i) achieving economic stabilization and structural reforms as foundations for growth and employment; (ii) strengthening the financial system and fostering financial inclusion to promote economic growth; (iii) improving the international financial architecture in an interconnected world; and (iv) promoting sustainable development, green growth and the fight against climate change. As a