International cooperation  Page 2 of 7  International forums such as the G201 and BRICS2 continue to give attention to initiatives aimed at supporting stronger, more sustainable, balanced, and inclusive growth. As part of that, the G20 and BRICS also give much attention to improving the resilience of the global financial system.
Structural reforms have been a key objective of the G20 and have consequently been receiving greater emphasis since the Australian Presidency of the G20 in 2014. These reforms are aimed at raising the collective G20 GDP3 by an additional 2% by 2018. Each G20 country has devised a growth strategy, highlighting the key structural reforms to be undertaken to raise potential output.