G20 has high compliance for second straight year

Jay OwenReforming Global Finance

G20 has high compliance for second straight year

With a score of 78% for 2018, G20 members have achieved above average compliance for the second year in a row, according to the 2018 G20 Buenos Aires Summit Final Compliance Report. Compliance with the 2017 Hamburg Summit was 87%.

The latest report assesses compliance with 20 priority commitments selected from the 128 made at the 2018 Buenos Aires Summit, based on actions taken by the G20 members between 2 December 2018 and 10 May 2019. From the 2008 Washington Summit until the 2017 Hamburg Summit, average compliance was 71%.

The European Union had 100% compliance with the Buenos Aires commitments, up from 97% with its compliance with the 2017 Hamburg Summit. It was followed by Australia at 90%, and then — all at 88% — 2018 host Argentina, Canada, China, Germany and the United Kingdom. Japan, host of the 2019 Osaka Summit, and Korea have 80% compliance. Turkey at 63% and South Africa at 53% had the lowest scores.

Researchers select commitments that reflect the G20’s long-standing concerns such as macroeconomics, international taxation, financial regulation and reform of the international financial institutions, as well as the host’s priority commitments, in this case food security, infrastructure and the future of work. G20 members complied well with the commitments on the digital infrastructure and universal health coverage (both at 93%) and on energy security and malnutrition (both at 90%). There is room for improvement on their compliance with the commitments on data governance (55%) and financial regulation and technology (53%).

However, with only seven months between the end of the Buenos Aires Summit and the start of the Osaka Summit, a 78% average is significant level. Argentina and Saudi Arabia achieved their highest scores to date with the Buenos Aires Summit, which may reflect their role as host of the 2018 and 2020 summits respectively.

The compliance report is a collaboration between the G20 Research Group based at the Munk School of Global Affairs and Public Policy at the University of Toronto and the Center for International Institutions Research at the Russian Presidential Academy of National Economy and Public Administration in Moscow.

The full report is available for download at www.g20.utoronto.ca/compliance/2018buenosaires-final.

The G20 Research Group has a full team of experts and analysts available at the International Media Centre in Osaka, including John Kirton, Director of the G20 Research Group, Professor David Welch of the Balsillie School of International Affairs, Professor Tristen Naylor of the London School of Economics, Professor Jonathan Luckhurst of Soka University, Professor Aurel Braun of the University of Toronto, experts Denisse Rudich and Lida Preyma, and a team of multilingual researchers who have been observing the work of the G20 since the Buenos Aires Summit in 2018.

For more information or interviews, call Madeline Koch call +1-416-588-3833 or SMS/Facetime/Whatsapp +1-416-418-9532, or email [email protected].