We have just completed the final working session of G20 Finance Ministers and Central Bank Governors under Australia’s Presidency.
We have spoken a lot about economic challenges. While some key economies are recovering, others face renewed weakness.
We've concluded the final working session of the G20 finance ministers and central bank governors under Australia's presidency. It is a great pleasure and has been a privilege to have held the presidency this year, and I'm indebted to my colleagues around the table for their spirit of cooperation and their support.
We have heard a lot about the economic challenges, which were discussed at length last night. While some key economies are recovering, others face renewed weakness. But there is a general sense of optimism. Today is better than yesterday, and tomorrow will be better than today.
This is the final working session of the Finance Ministers and Central Bank Governors under Australia’s Presidency.
There’s been a lot of talk recently about the economic challenges facing the world. Global economic recovery continues to be weak and uneven, reflecting different pace based on different challenges across various countries and regions. We all know what they are.
Thank you so much Bertrand. President Jim Kim, gentlemen, also to fellow donor countries, Singapore's great support, also Japan and Canada, it's a great honour for me to speak on behalf of the donor nations. My first meeting of the G20 and the IMF and the World Bank was here last year, and in the original meeting Jim said that he really wanted the World Bank to focus on building infrastructure that would help to lift the quality of life of millions of people around the world.
I now have the distinct honour and privilege of introducing our keynote speaker today, the Honourable Joe Hockey, MP who is the Treasurer of the Commonwealth of Australia. Mr Hockey's been in the Australian Parliament for nearly 20 years. He's the member for North Sydney and he is as I said Treasurer and among other things that makes him responsible for the financial dimensions of the G20 and as the host this year I'm sure that's been a major part of his portfolio and work this year and probably he's earned a lot of frequent flyer miles from, as we heard earlier, from going around.