In the early years of its existence indeed, the G20 – one-third of which comprises countries from the Asia-Pacific region – put special emphasis on financial stability and crisis prevention, including aspects such as prudent debt management, domestic financial deepening and exchange rate regimes. Its agenda has widened since then.
It now includes some of the most important global policy challenges ahead of us, such as development, energy and climate change. Last, significant reform efforts are under way at the International Monetary Fund to adapt the institution to a new environment and a new set of players, notably in terms of quota and voice, two important elements defining the representation of Fund members.