Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-412-875"
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"en.20111025.25.2-412-875"2
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"The next summit of the group of 20 industrialised and emerging countries (G20) will be held in Cannes on 3 and 4 November. These 20 countries represent 85% of the global economy and two-thirds of the world’s population. The stated objective is to try and find coordinated responses, particularly to strengthen international regulations and financial supervision to correct current imbalances. The G20 leaders are also asked to agree on the minimum common elements of a global tax on financial transactions. As part of a new global regulation, the International Monetary Fund (IMF) should play a bigger role. It should therefore become more transparent in its operations, with a fairer distribution of voting rights, and a more open procedure for electing its chief executive. Its mandate could be extended, not only to increase international supervision, but also to improve monitoring of those economies that are systemically significant. This new democratic accountability should be required not only of the IMF, but also of the World Bank and the G20."@en1
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