2011 G20 Cannes summit
| G20 Summit on Financial Markets and the World Economy Sommet du G20 2011 |
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| Host country | France |
| Date | 3–4 November 2011 |
| Venue(s) |
Palais des Festivals Cannes, France |
| Participants |
G20 Invited Guests: Ethiopia, Singapore, Spain, United Arab Emirates, Equatorial Guinea Invited Organizations: AU, NEPAD, CCASG |
| Follows | 2010 G20 Seoul summit |
| Precedes | 2012 G20 Los Cabos summit |
| Website | g20-g8.com |
The 2011 G20 Cannes Summit was the sixth meeting of the G20 heads of government/heads of state 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.
France put agriculture and food security at the heart of the G20 priorities. Around this broad theme, it divided the priorities of the Summit into six areas:
The Summit took place in the aftermath of the 2007-08 financial crisis and in the midst of the evolving Eurozone 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.
The prospective participants at the Cannes summit include leaders and representatives of the core members of the G20, which comprises 19 countries and the European Union which is represented by its two governing bodies, the European Council and the European Commission. Representatives of other nations and regional organizations are expected to take part in the summit.
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