Turkey Assumes G20 Presidency and Announces 2015 Priorities

02/23/2015 - 1:10pm

Turkey officially assumed the G20 presidency as of December 1, 2014 and announced its G20 Presidency Priorities for 2015.

The three pillars of the 2015 agenda are:

  1. Strengthening the Global Recovery and Lifting the Potential
  2. Enhancing Resilience
  3. Buttressing Sustainability

The Turkish Presidency aims to enhance the integration of developing and low-income countries into the world economy through concrete and growth-oriented actions. In this regard, the Presidency announced that Turkey will put an emphasis on development in its G20 agenda, with a focus on broadening financial inclusion and reducing the global average cost of transferring remittances. The announced Turkish priorities also are in line with the core areas of the revised G20 Financial Inclusion Action Plan approved by G20 Leaders at the recent Brisbane Summit, demonstrating the continuity, and reinforcing the role, of the GPFI.

Turkish Prime Minister Ahmet Davutoğlu, in a written message introducing the priorities, called 2015 the year of implementation.

“Going forward, the membership has devised comprehensive policy frameworks in a variety of areas and put forward substantial commitments to achieve our common objective of strong, sustainable and balanced growth,” he wrote. “Now is the time to act.”

Moreover, Turkish Prime Minister Mr. Davutoğlu declared inclusiveness, with domestic and international dimensions, as one of the other defining aspects of 2015. For details please refer to the Turkish G20 Presidency Priorities for 2015

(Photo: Deputy Prime Minister Ali Babacan announcing Turkey’s G20 Presidency Priorities at a press conference on 1 December 2014.)