Moreover, there is no shortage of global challenges in need of a global response, just think of trade and protectionism, the still not completed financial reform agenda or climate change. Accordingly, we need no new institutions or bodies for global governance. Instead, the G20 should develop further into what it was meant to be from the outset: the premier forum for international economic cooperation.
3. How the G20’s role in global economic governance can be strengthened  How could this be done? Let me give you some pragmatic suggestions that have been made as to how the G20 could be taken forward.