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G-20 Meeting Guide From Emerging-Market Gripes to Currencies

The logo for the 2014 Group-of-20 (G-20) Australia summit is displayed at an Institute of International Finance conference ahead of a G-20 Finance Ministers and Central Bank Governors meeting in Sydney. Photographer: Ian Waldie/Bloomberg
The logo for the 2014 Group-of-20 (G-20) Australia summit is displayed at an Institute of International Finance conference ahead of a G-20 Finance Ministers and Central Bank Governors meeting in Sydney. Photographer: Ian Waldie/Bloomberg

Feb. 20 (Bloomberg) -- Here’s what to look out for when finance ministers and central bankers from the G-20 nations meet in Sydney this weekend; communique will be released on Feb. 23. * Fed Chair Janet Yellen on defensive: Policy makers in

emerging markets who criticized the Fed for quantitative

easing are now dealing with market and economic volatility

as stimulus is withdrawn; don’t expect U.S. officials to

take complaints lying down, said Citigroup Inc. analysts

Todd Elmer and Steven Englander * Global rebalancing: The G-20 meeting will seek to return the

agenda to addressing global imbalances as growth in many

countries shows signs of improving, according to analysts at

Nomura Holdings and DBS Group Holdings * Glass houses: While officials have said currencies will be a

topic of discussion, those expecting group action on

exchange rates are going to be disappointed, according to

Citigroup’s Elmer and Englander; G-20 probably will stop

“well short” of even singling out offenders on currencies,

they said * Infrastructure: Australia’s host-nation agenda includes

aiming to coordinate strategies for debt-laden countries

across the world with aging roads and bridges to invest in

new projects * Hot topics: The G-20 will focus on taxation reform after it

made some progress in recent years on issues such as tax

havens as well as cross-border corporate tax treatment,

according to Nomura * Unfinished reforms: A focus by the G-20 this year should be

finishing the job on financial regulation, especially on the

too-important-to-fail problem, said Jose Vinals, financial

counselor and director of the monetary and capital markets

department at the IMF * IMF reform: Volatility in emerging markets and the role of

the IMF will be discussed, said University of New South

Wales’s Australian School of Business Professor Fariborz

Moshirian * Low Expectations: In the absence of a global crisis, some

analysts are predicting a low-key G-20 meeting

For Related News and Information: World Bank’s Kim Sees More Global Impact From Fed Tapering NSN MW5YHD6KLVRA <GO> Australia Backs Fed Taper as Hockey Says ‘Methadone’ to End NSN N0YPU56JIJVD <GO>

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