International Responses

International cooperation in response to the financial and economic crisis was spearheaded by the leaders of the G20 countries who, at their summits in London and Pittsburgh in 2009, pledged to undertake and continue for as long as necessary the stimulus and other extraordinary recovery measures that they had initiated. The G20 leaders also pledged to deliver on all aid and other international development commitments and to resist protectionist tendencies. At the Pittsburgh Summit, they agreed to establish a policy coordination framework for balanced and sustainable growth of the global economy. Thus, those leaders committed themselves to avoiding the “beggar-thy-neighbour” policies that had hampered recovery from the Great Depression of the 1930s.

Sustainable Development Goals:

No Poverty

Reduced Inequalities