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G-20 Has Met 76% of Main Commitments Since Seoul, Study Shows

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Nov. 2 (Bloomberg) -- The Group of 20 has complied with three quarters of its commitments, underscoring its status as the main forum for setting global economic policy, according to a study by the G-20 Research Group.

The study found the G-20 kept 76 percent of 13 key promises it made when leaders gathered in Seoul a year ago. G-20 leaders convene again tomorrow for two days of talks in Cannes, France.

“These results show that these summits are well worth doing, as promises made are largely promises kept,” John Kirton, co-director of the group, said in a report.

Australia was the most compliant nation with a score of 93 percent and Argentina the least with 46 percent, according to the group based at the University of Toronto and Russia’s National Research University Higher School of Economics.

Ninety-five percent of pledges were met on fiscal consolidation and improving infrastructure, while the lowest score was on trade with 48 percent.

To contact the reporter on this story: Simon Kennedy in Cannes at skennedy4@bloomberg.net

To contact the editor responsible for this story: John Fraher at jfraher@bloomberg.net