G20 London Global Plan for Recovery and Reform, 2 April 2009

Sectors : Employment and Training, Economic governance and public finance management, Financial Institutions, markets, services and microfinance, Sustainable development, Institutional development, Transparency and accountability
Organisation : G20
Date made: 
2009
Level: 
Heads Of State
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Commitments in: Private Sector development and financial services for the poor - Employment and Training

“6. We are undertaking an unprecedented and concerted fiscal expansion, which will save or create millions of jobs which would otherwise have been destroyed, and that will, by the end of next year, amount to $5 trillion, raise output by 4 per cent, and accelerate the transition to a green economy. We are committed to deliver the scale of sustained fiscal effort necessary to restore growth...”

Scope: 
International

“26. We recognise the human dimension to the crisis. We commit to support those affected by the crisis by creating employment opportunities and through income support measures. We will build a fair and family-friendly labour market for both women and men. We therefore welcome the reports of the London Jobs Conference and the Rome Social Summit and the key principles they proposed. We will support employment by stimulating growth, investing in education and training, and through active labour market policies, focusing on the most vulnerable. We call upon the ILO, working with other relevant organisations, to assess the actions taken and those required for the future.”

Scope: 
International

Commitments in: Governance - Economic governance and public finance management

“1. We, the Leaders of the Group of Twenty, met in London on 2 April 2009...

...4. We have today therefore pledged to do whatever is necessary to:

• restore confidence, growth, and jobs;
• repair the financial system to restore lending;
• strengthen financial regulation to rebuild trust;
• fund and reform our international financial institutions to overcome this crisis and prevent future ones;
• promote global trade and investment and reject protectionism, to underpin prosperity; and
• build an inclusive, green, and sustainable recovery...”

Scope: 
International