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2011 G20 Cannes summit
Sixth meeting of the G20 heads of government

The 2011 G20 Cannes Summit was the sixth meeting of the G20 heads of government/heads of state, held in Cannes, France, in a series of on-going discussions about financial markets and the world economy.

The G20 forum is the avenue for the G20 economies to discuss, plan and monitor international economic cooperation. While the summit achieved little progress on resolving the Eurozone crisis and providing concrete measures to addressing global financial imbalances, it did produce some tangible results, including the adoption of the Cannes Action Plan for Growth and Jobs, the launch of the Agricultural Market Information System (AMIS) and the endorsement of an Action Plan on Food Price Volatility and Agriculture.

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Priorities

France put agriculture and food security at the heart of the G20 priorities.5 Around this broad theme, it divided the priorities of the Summit into six areas:

  1. Reform the International Monetary System.
  2. Strengthen financial regulation, especially in non-banking financial institutions as well as regulation concerning financial market integrity and transparency.
  3. Reduce excessive commodity price volatility and enhance food security.
  4. Support employment and strengthen the social dimension of globalization.
  5. Fight corruption, for example by ensuring that the Anti-Corruption Action Plan adopted in the 2010 G20 Seoul summit will produce concrete results and real progress starting in 2011.
  6. Support infrastructure development and enhance food security in the most vulnerable countries.

Outcomes

The Summit took place in the aftermath of the 2008 financial crisis and in the midst of the evolving Euro area crisis. Against this background, the outcomes of the Summit can be considered as insufficient in providing clear solutions for restoring and strengthening the global economy.

However, the Summit did result in a number of initiatives, most notably in the area of agriculture and food security. Especially the launch of the Agricultural Market Information System (AMIS) and the endorsement of an Action Plan on Food Price Volatility and Agriculture are tangible steps to addressing the world agriculture and food challenge. The G20 Summit also tasked the GEO Global Agricultural Monitoring (GEOGLAM) initiative to produce and disseminate improved forecasts of agricultural production through the use of earth observations.

Attendance

Attendance at the Cannes summit included leaders and representatives of the core members of the G20,6 which comprises 19 countries and the European Union which is represented by its two governing bodies, the European Council and the European Commission.7 Representatives of other nations and regional organizations were also invited to take part in the summit.

StateRepresented byTitle
Argentina8Cristina Fernández de KirchnerPresident
Australia9Julia GillardPrime Minister
Brazil10Dilma RousseffPresident
Canada11Stephen HarperPrime Minister
China12Hu JintaoPresident
France13Nicolas SarkozyPresident
Germany14Angela MerkelChancellor
India15Manmohan SinghPrime Minister
Indonesia16Susilo Bambang YudhoyonoPresident and the chair of ASEAN
Italy17Silvio BerlusconiPrime Minister
Japan18Yoshihiko NodaPrime Minister
Mexico19Felipe CalderónPresident
Russia20Dmitry MedvedevPresident
Saudi Arabia21Ibrahim Abdulaziz Al-AssafMinister of Finance
South Africa22Jacob ZumaPresident
South Korea23Lee Myung-bakPresident
Turkey24Recep Tayyip ErdoğanPrime Minister
United Kingdom25David CameronPrime Minister
United States26Barack ObamaPresident
European Commission27José Manuel Barroso-- projected co-leader of delegationPresident
European Council28Herman Van RompuyPresident
Invited states
StateRepresented byTitle
Equatorial Guinea29Teodoro Obiang Nguema Mbasogo -- projected leader of delegationPresident
Ethiopia30Meles Zenawi -- projected leader of delegationPrime Minister
Singapore31Lee Hsien Loong -- projected leader of delegationPrime Minister
Spain32José Luis Rodríguez Zapatero -- projected leader of delegationPrime Minister
United Arab Emirates33Sheikh Abdullah bin Zayed Al NahyanMinister of Foreign Affairs
International organisations
OrganisationRepresented byTitle
African Union34Teodoro Obiang Nguema MbasogoChairman
Basel Committee on Banking Supervision35Nout Wellink-- projected leader of delegationChairman
CCASG36Sheikh Abdullah bin Zayed Al Nahyan -- projected leader of delegation
European Central Bank37Mario DraghiPresident
Financial Stability Board38Mark CarneyChairman
Global Governance Group (3-G)39Sellapan Ramanathan -- projected leader of delegation
International Labour Organization40Juan Somavía -- projected leader of delegationDirector-General
International Monetary Fund41Christine Lagarde42/Managing Director
NEPAD43Armando Guebuza44 -- projected leader of delegation
OECD45José Ángel Gurría -- projected leader of delegationSecretary-General
United Nations46Ban Ki-moonSecretary General
World Bank Group47Robert Zoellick -- projected leader of delegationPresident
World Trade Organization48Pascal Lamy -- projected leader of delegationDirector-General

Protests

At the summit protesters donned Robin Hood caps and demanded a tax on international financial transactions in order to provide aid to poor countries instead of catering to banking and other financial institutions.49 They also chanted slogans in opposition to "corporate greed" and supported a counter-G20 summit, "People First, Not Finance", organised by labour unions and NGOs such as Greenpeace and Oxfam. Though police reported 5,500 were part of the protests, the organisers estimated the number of protesters at 12,000. The riot police and helicopters limited the scope of the protests to a neighbourhood in the east of Nice, which was to host the alternative summit as well as the protests. Both Cannes and Nice also tightened security, with 12,000 police personnel being deployed.50

See also

Media related to 2011 G-20 Cannes summit at Wikimedia Commons

References

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