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G20 Summits > 2018 Buenos Aires Summit
G20 Analysis

The 2019 G20 Buenos Aires Summit Commitments

Identified by Brittaney Warren
December 14, 2018

Issue Total Communiqué Action Plan
Financial regulation 22 9 13
Macroeconomics 21 13 8
Labour and employment 18 13 5
Digital economy 11 11  
Gender 7 6 1
IFI reform 7 4 3
Energy 8 8  
Trade 5 2 3
Crime and corruption 5 5  
Food and agriculture 5 5  
Human rights 4 4  
Health 4 4  
Climate change 3 3  
Terrorism 3 3  
Development 3 2 1
Infrastructure 1 1  
Migration/refugees 1 1  
Total 128 94 34

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Declaration (94)

2018-1 We reaffirm our pledge to use all policy tools to achieve strong, sustainable, balanced and inclusive growth… by stepping up our dialogue and actions to enhance confidence. (macroeconomics)
2018-2 [We reaffirm our pledge to…] safeguard against downside risks, by stepping up our dialogue and actions to enhance confidence. (macroeconomics)
2018-3 Monetary policy will continue to support economic activity and ensure price stability, consistent with central banks' mandates. (macroeconomic policy)
2018-4 We reaffirm the exchange rate commitments made by the Finance Ministers and Central Bank Governors last March. (macroeconomics)
2018-5 We renew our commitment to work together to improve a rules-based international order that is capable of effectively responding to a rapidly changing world. (macroeconomics)
2018-6 We endorse the Menu of Policy Options for the Future of Work which we will draw on, considering individual country circumstances, to: harness technology to strengthen growth and productivity (labour and employment)
2018-7 [We endorse the Menu of Policy Options for the Future of Work which we will draw on, considering individual country circumstances, to:] … support people during transitions  (labour and employment)
2018-8 [We endorse the Menu of Policy Options for the Future of Work which we will draw on, considering individual country circumstances, to:] …  address distributional challenges; (labour and employment)
2018-9 [We endorse the Menu of Policy Options for the Future of Work which we will draw on, considering individual country circumstances, to]:… secure sustainable tax systems  (labour and employment)
2018-10 [We endorse the Menu of Policy Options for the Future of Work which we will draw on, considering individual country circumstances, to:] … ensure that the best possible evidence informs our decision-making  (labour and employment)
2018-11 We remain committed to building an inclusive, fair and sustainable Future of Work by promoting decent work […], including reskilling workers and improving labour conditions in all forms of employment, recognizing the importance of social dialogue in this area, including work delivered through digital platforms, with a focus on promoting labour formalization and making social protection systems strong and portable, subject to national law and circumstances. (labour and employment)
2018-12 [We remain committed to building an inclusive, fair and sustainable Future of Work by promoting…] vocational training and skills development, [including reskilling workers and improving labour conditions in all forms of employment, recognizing the importance of social dialogue in this area, including work delivered through digital platforms, with a focus on promoting labour formalization and making social protection systems strong and portable, subject to national law and circumstances.] (labour and employment)
2018-13 We will continue to foster cognitive, digital and entrepreneurship skills (labour and employment)
2018-14 [We will continue] to encourage the collection and exchange of good practices (labour and employment)
2018-15 We will promote increasing labour force participation of underrepresented as well as vulnerable groups, including persons with disabilities. (labour and employment)
2018-16 We will implement policies to improve the employment situation of young people, consistent with the G20 Antalya Youth Goal. (labour and employment)
2018-17 We will take actions to eradicate child labour, including through fostering sustainable supply chains. (human rights)
2018-18 [We will take actions to eradicate] forced labour, including through fostering sustainable supply chains. (human rights)
2018-19 [We will take actions to eradicate] human trafficking, including through fostering sustainable supply chains. (human rights)
2018-20 [We will take actions to eradicate] modern slavery in the world of work, including through fostering sustainable supply chains. (human rights)
2018-21 We will endeavor to further create enabling conditions for resource mobilization from public, private and multilateral resources, including innovative financial mechanisms and partnerships, such as impact investment for inclusive and sustainable growth, in line with the G20 Call on Financing for Inclusive Business. (labour and employment)
2018-22 To equip our citizens to reap the benefits of societal and technological innovations we will promote coordination between employment and equitable quality education policies, so we can develop comprehensive strategies that promote key competences such as learning to learn, foundation and digital skills, in a lifelong learning perspective from early childhood. (labour and employment)
2018-23 To maximize the benefits of digitalization and emerging technologies for innovative growth and productivity, we will promote measures to boost micro, small and medium enterprises and entrepreneurs (digital economy)
2018-24 [To maximize the benefits of digitalization and emerging technologies for innovative growth and productivity, we will promote measures to] bridge the digital gender divide (digital economy)
2018-25 [To maximize the benefits of digitalization and emerging technologies for innovative growth and productivity, we will promote measures to] further digital inclusion (digital economy)
2018-26 [To maximize the benefits of digitalization and emerging technologies for innovative growth and productivity, we will promote measures to] support consumer protection (digital economy)
2018-27 [To maximize the benefits of digitalization and emerging technologies for innovative growth and productivity, we will promote measures to] improve digital government (digital economy)
2018-28 [To maximize the benefits of digitalization and emerging technologies for innovative growth and productivity, we will promote measures to] [improve] digital infrastructure (digital economy)
2018-29 [To maximize the benefits of digitalization and emerging technologies for innovative growth and productivity, we will promote measures to] [improve] measurement of the digital economy. (digital economy)
2018-30 We support the free flow of information, ideas and knowledge, while respecting applicable legal frameworks, and working to build consumer trust, privacy, data protection and intellectual property rights protection. (digital economy)
2018-31 We will continue our work on artificial intelligence (digital economy)
2018-32 [We will continue our work on] emerging technologies (digital economy)
2018-33 [We will continue our work on] new business platforms (digital economy)
2018-34 To address the persistent infrastructure financing gap, we reaffirm our commitment to attract more private capital to infrastructure investment. (infrastructure)
2018-35 Building on the G20 Food Security and Nutrition Framework, we reaffirm our commitment to tackling the challenges of food security, which is crucial to achieving a world free of hunger and all forms of malnutrition. (food and agriculture)
2018-36 We will promote dynamism in rural areas and sustainable agriculture, conscious of the importance of sustainable soil, water and riverbanks management supported by individual countries voluntarily, taking into consideration the specific needs of family and small-holder farmers. (food and agriculture)
2018-37 We encourage the voluntary use and sharing of innovative as well as traditional agricultural practices and technologies. (food and agriculture)
2018-38 We will increase efforts to engage with the private sector, the scientific community and all other relevant stakeholders to enhance value addition, productivity, efficiency, sustainability and upgrading in Agro-Food Global Value Chains (food and agriculture)
2018-39 [We will increase efforts to engage with the private sector, the scientific community and all other relevant stakeholders to] encourage initiatives to reduce food loss and waste. (food and agriculture)
2018-40 We will continue to promote initiatives aimed at ending all forms of discrimination against women and girls and gender- based violence. (gender)
2018-41 We commit to promoting women's economic empowerment, including by working with the private sector, to improve labour conditions for all, such as through access to quality and affordable care infrastructure and parental leave, and reducing the gender pay gap. (gender)
2018-42 We also commit to promote women's access to leadership and decision-making positions (gender)
2018-43 [We also commit to promote]… the development of women and girls' digital skills (gender)
2018-44 [We also commit to promote]… increasing their participation in STEM (Science, Technology, Engineering and Mathematics) and high-tech sectors. (gender)
2018-45 We launch the G20 Initiative for Early Childhood Development and stand ready to join all stakeholders in enhancing quality and sustainably financed early childhood programs that consider the multidimensional approach of ECD, as means of building human capital to break the cycle of intergenerational and structural poverty, and of reducing inequalities, specially where young children are most vulnerable (development)
2018-45 [We welcome the continued implementation of the Women Entrepreneurs Financing Initiative (We-Fi), and we thank the Business Women Leaders' Taskforce for its work.] Drawing from this experience, we will consider how to better engage with women entrepreneurs. (gender)
2018-46 We will tackle malnutrition, with a special focus on childhood overweight and obesity, through national, community-based and collaborative multi-stakeholder approaches. (health)
2018-47 We reaffirm the need for stronger health systems providing cost effective and evidence-based intervention to achieve better access to health care and to improve its quality and affordability to move towards Universal Health Coverage (UHC), in line with their national contexts and priorities. (health)
2018-48 We will continue to strengthen core capacities required by International Health Regulations (IHR, 2005) for prevention, detection and response to public health emergencies, while recognizing the critical role played by WHO in this regard. (health)
2018-49 We are committed to ending HIV/AIDS, tuberculosis and malaria, and look forward to a successful 6° replenishment of the Global Fund in 2019. (health)
2018-50 [We note the 2018 G20 Annual International Migration and Displacement Trends and Policies Report prepared by the OECD in cooperation with ILO, IOM and UNHCR.] We will consider how to continue the dialogue on these issues under the next presidency (migration/refugees)
2018-51 We reaffirm our commitment to leading the transformation towards sustainable development and support the 2030 Agenda as the framework for advancing this goal and the G20 Action Plan. (development)
2018-52 We underline our continued support to the G20 Africa Partnership, including the Compact with Africa, and other relevant initiatives. (development)
2018-53 We reaffirm our commitment to addressing illicit financial flows that have a detrimental effect on domestic resources mobilization (crime and corruption)
2018-54 [We] will continue to take stock of progress. (crime and corruption)
2018-55 [We recognize the importance of comprehensive adaptation strategies, including investment in infrastructure that is resilient to extreme weather events and disasters.] In this sense, we support actions and cooperation in developing countries, especially those that are particularly vulnerable, including small island states such as those in the Caribbean. (climate change)
2018-56 Signatories to the Paris Agreement, who have also joined the Hamburg Action Plan, reaffirm that the Paris Agreement is irreversible and commit to its full implementation, reflecting common but differentiated responsibilities and respective capabilities, in light of different national circumstances. (climate change)
2018-57 We will continue to tackle climate change, while promoting sustainable development and economic growth. (climate change)
2018-58 We encourage energy transitions that combine growth with decreasing greenhouse gas emissions towards cleaner, more flexible and transparent systems (energy)
2018-59 [We encourage]… cooperation in energy efficiency (energy)
2018-60 [The United States] affirms its strong commitment to economic growth (macroeconomics)
2018-61 [The United States] [affirms its strong commitment to…] energy access...utilizing all energy sources and technologies, while protecting the environment. (energy)
2018-62 [The United States] [affirms its strong commitment to…] energy security, utilizing all energy sources and technologies, while protecting the environment. (energy)
2018-63 We will promote energy security, sustainability, resilience, efficiency, affordability and stability, acknowledging that there are varied sources of energy and technological advances to achieve a low emissions future. (energy)
2018-64 We continue to promote universal energy access by eradicating energy poverty. (energy)
2018-65 [We continue to promote universal energy access by] cooperating to provide displaced people and disaster-impacted and remote areas with access to it. (energy)
2018-66 [We continue to promote universal energy access…] through enhanced implementation of G20 regional plans. (energy)
2018-67 We reaffirm our commitment to further strengthening the global financial safety net with a strong, quota-based, and adequately resourced IMF at its centre. (IFI reform)
2018-68 We are committed to concluding the 15th General Review of Quotas including a new quota formula by the Spring Meetings and no later than the Annual Meetings of 2019. (IFI reform)
2018-69 We will continue to monitor cross border capital flows and deepen our understanding of the available tools, so we can harness their benefits while also managing the risks and enhancing resilience. (macroeconomics)
2018-70 We will continue to take steps to address debt vulnerabilities in low income countries by supporting capacity building in public debt and financial management (macroeconomics)
2018-71 [We will continue to take steps to address debt vulnerabilities in low income countries] by strengthening domestic policy frameworks. (macroeconomics)
2018-72 We will work towards enhancing debt transparency and sustainability (macroeconomics)
2018-73 [We will work towards] improving sustainable financing practices by borrowers and creditors, both official and private, including infrastructure financing. (macroeconomics)
2018-74 We support ongoing work by the IMF, WBG and Paris Club on LICs debt (macroeconomics)
2018-75 [We support] the continued efforts of the Paris Club towards the broader inclusion of emerging creditors. (macroeconomics)
2018-76 We remain committed to the full, timely and consistent implementation and finalization of the agreed financial reform agenda (IFI reform)
2018-77 We remain committed to the evaluation of its effects. (IFI reform)
2018-78 We will continue to monitor and, if necessary, tackle emerging risks and vulnerabilities in the financial system. (financial regulation)
2018-79 [We will continue] through continued regulatory and supervisory cooperation, [to] address fragmentation. (financial regulation)
2018-80 We will step up efforts to ensure that the potential benefits of technology in the financial sector can be realized while risks are mitigated. (financial regulation)
2018-81 We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards (financial regulation)
2018-82 we will consider other responses as needed. (financial regulation)
2018-83 We will continue our work for a globally fair, sustainable, and modern international tax system based, in particular on tax treaties and transfer pricing rules (financial regulation)
2018-84 We will continue to work together to seek a consensus-based solution to address the impacts of the digitalization of the economy on the international tax system with an update in 2019 and a final report by 2020. (financial regulation)
2018-85 [We welcome the commencement of the automatic exchange of financial account information and acknowledge the strengthened criteria developed by the OECD to identify jurisdictions that have not satisfactorily implemented the tax transparency standards.] Defensive measures will be considered against listed jurisdictions. (financial regulation)
2018-86 We continue to support enhanced tax certainty and tax capacity building in developing countries, including through the Platform for Collaboration on Tax. (financial regulation)
2018-87 [The system is currently falling short of its objectives and there is room for improvement.] We therefore support the necessary reform of the WTO to improve its functioning. (trade)
2018-88 We will review progress at our next Summit. (trade)
2018-89 We remain committed to prevent and fight corruption and lead by example. (crime and corruption)
2018-90 We will continue practical cooperation to fight corruption including in line with our G20 commitments. (crime and corruption)
2018-91 We will further explore the links between corruption and other economic crimes and ways to tackle them, including through cooperation on the return of persons sought for such offences and stolen assets, consistent with international obligations and domestic legal systems. (crime and corruption)
2018-92 We reaffirm our strong condemnation of terrorism in all its forms and manifestations. (terrorism)
2018-93 We commit to the full implementation of The Hamburg G20 Leaders Statement on Countering Terrorism. (terrorism)
2018-94 We will step up our efforts in fighting terrorist and proliferation financing, and money laundering (terrorism).

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Buenos Aires Action Plan (34)

Overview and Global Economic Context

2018-95 To help fulfil our goal of securing strong, sustainable, balanced and inclusive growth, we will continue using all policy tools at our disposal – monetary, fiscal and structural – individually and collectively (macroeconomics)

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Responding Proactively to Global Risks

2018-96 [We note current trade issues.] We will continue to monitor risks, take action to mitigate them and respond as appropriate. (trade)

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Challenges to the trading system

2018-97 We therefore support the necessary reform of the WTO to improve its functioning. (trade)
2018-98 We will review progress at our next Summit. (trade)

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Global imbalances

2018-99 We will continue to monitor global imbalances (macroeconomics)
2018-100 [We will continue to] improve our understanding of the roles our policies and international monetary system play (macroeconomics)
2018-101 [We will continue to] pursue further action to address this challenge from a structural, macroeconomic and multilateral perspective. (macroeconomics)

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Exchange rates

2018-102 We will refrain from competitive devaluations, and will not target our exchange rates for competitive purposes. (macroeconomics)

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Financial regulation

2018-103 We remain committed to the full, timely and consistent implementation and finalisation of the agreed financial reform agenda (financial regulation)
2018-104 [We remain committed to…] the evaluation of its effects. (financial regulation)
2018-105 While non-bank financing provides welcome diversity to the financial system, we will continue to identify, monitor and address related financial stability risks as appropriate. (financial regulation)
2018-106 We continue to monitor and take further steps to address causes and consequences of the withdrawal of correspondent banking relationships and help countries deal with them. (financial regulation)
2018-107 In order to reap the full benefits of technological innovation, we will continue to monitor the potential risks of crypto-assets and to assess multilateral responses as needed. (financial regulation)
2018-108 We commit to applying the recently amended FATF standards for crypto and other virtual assets with further assistance from FATF. (financial regulation)
2018-109 We are also committed to enhancing cyber resilience (financial regulation)
2018-110 We will continue to monitor and, as necessary, tackle financial vulnerabilities and emerging risks;  (financial regulation)
2018-111 [We will continue to] through continued regulatory and supervisory cooperation, address market fragmentation and preserve an open and integrated global financial system. (financial regulation)

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International financial architecture

2018-112 We reaffirm our commitment to further strengthening the global financial safety net with a strong, quota-based, and adequately resourced IMF at its centre. (IFI reform)
2018-113 We are committed to concluding the 15th General Review of Quotas and agreeing on a new quota formula as a basis for a realignment of quota shares to result in increased shares for dynamic economies in line with their relative positions in the world economy and hence likely in the share of emerging market and developing countries as a whole, while protecting the voice and representation of the poorest members by the Spring Meetings and no later than the Annual Meetings of 2019. (IFI reform)
2018-114 We support the ongoing work of the Paris Club, as the principal international forum for restructuring official bilateral debt, towards broader inclusion of emerging creditors. (IFI reform)

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Fostering Inclusive Growth

2018-115 We are steadfast in our commitment to ensure that growth is inclusive and that the benefits are shared widely amongst our citizens. (macroeconomics)
2018-116 Korea will increase the 'Basic Pension', intended to improve the welfare and security of the low-income elderly, sequentially by 2020. (macroeconomics)

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The Future of Work

2018-117 Recognising the potential opportunities and challenges, we have endorsed the G20 Menu of Policy Options for the Future of Work (the Menu) which we will draw on to: harness technology to strengthen growth and productivity; (labour and employment)
2018-118 [Recognising the potential opportunities and challenges, we have endorsed the G20 Menu of Policy Options for the Future of Work (the Menu) which we will draw on to:] support people during transitions and address distributional challenges; (labour and employment)
2018-119 [Recognising the potential opportunities and challenges, we have endorsed the G20 Menu of Policy Options for the Future of Work (the Menu) which we will draw on to:] secure sustainable tax systems; (labour and employment)
2018-120 [Recognising the potential opportunities and challenges, we have endorsed the G20 Menu of Policy Options for the Future of Work (the Menu) which we will draw on to:] ensure that the best possible evidence informs our decision-making. (labour and employment)
2018-121 Korea will ease the standards for its Earned Income Tax Credit, a cash subsidy paid to support the work and income of low-income groups, and increase its ceiling for the subsidy amount per household. (labour and employment)

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International Taxation

2018-122 We will continue our work for a globally fair, sustainable and modern international tax system based in particular on tax treaties and transfer pricing rules (financial regulation)
2018-123 We reinforce our commitment to the implementation of the Base Erosion and Profit Shifting (BEPS) package. (financial regulation)
2018-124 We will continue to work together to seek a consensus-based solution to address the impacts of the digitalisation of the economy on the international tax system by 2020 with an update in 2019. (financial regulation)
2018-125 Jurisdictions which do not meet the transparency standards will be listed and defensive measures considered against them. (financial regulation)

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Financial Inclusion

2018-126 We [recognise the importance of financial inclusion to empower and transform the lives of all our people and] support the work of the Global Partnership for Financial Inclusion (GPFI) in this regard. (development)
2018-137 We support the collection of gender disaggregated data on financial inclusion both from the demand and the supply side considering, among others, the IMF's Financial Access Survey. (gender)

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G20's Collective Growth Ambition

2018-128 We will continue to implement the policy actions we have put forward in our growth strategies. (macroeconomic policy)

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