This week, Finance Minister Paul Martin today announced that the second meeting of the Group of Twenty finance ministers and central bank governors will take place on October 24-25, 2000 in Montreal. The Group of Twenty is also known as the G-20.
Ministers and governors will review the global economic outlook and discuss ways to make the world less vulnerable to financial crises.
The G-20 was created in September 1999. It consists of finance ministers and central bank governors from 19 industrialized and emerging market countries.
The purpose of the G-20 is to ensure broader participation in discussions on international financial affairs among countries whose size or strategic importance gives them a particularly crucial role in the global economy.
We wish the participants good luck in their discussions.