Archived - Canada Focused on Jobs and Growth at G-20, IMF and World Bank Meetings in Washington, D.C.

April 10, 2014 – Washington, D.C. – Department of Finance

Finance Minister Joe Oliver will attend the Spring Meetings of the International Monetary Fund (IMF) and World Bank Group this week in Washington, D.C., where he will also meet with his colleagues from the Group of 20 (G-20) countries.

Discussions will focus on policies to support stronger economic growth and employment, as well as on ways to encourage long-term investment in key areas to support growth, such as infrastructure. In addition, work will continue on reforms relating to financial regulation and IMF governance.

Minister Oliver will encourage all countries to boost jobs and growth, while reducing deficits and returning to balanced budgets over the medium term.

• The G-20 is the premier forum for international economic cooperation, with members accounting for 85% of global output and two-thirds of the world’s population.
• At their February meeting in Australia, G-20 Finance Ministers and Central Bank Governors committed to develop ambitious, but realistic, policies aimed at lifting the level of G-20 collective gross domestic product by at least 2% above the level implied by current policies by the end of the next five years.
• As a significant shareholder, Canada has an important governance role at both the IMF and the World Bank Group. The Minister of Finance represents Canada, the Caribbean and Ireland on the Board of Governors at both institutions.

• IMF and World Bank Spring Meetings 2014
• Canada at the IMF and World Bank Group 2012-2013
• G-20
• Canada’s Economic Action Plan

Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-996-7861

Stéphanie Rubec
Media Relations
Department of Finance
613-996-8080