1. Economic Crisis
International Finance
April 28, 2009

2. Global Economy Today
G7 Finance Ministers and Central Bank Governors Meeting Washington, DC April 24, 2009
Among the many important “G Groups” that the United States participates in are the G-7 and the G-20.
The Group of Seven Finance Ministers and Central Bank Governors, which includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, have met regularly since the mid-1980s.

3. G20
The Group of 20 was formally established in 1999 to bring together major industrialized and developing economies to discuss key issues in the global economy.
The members of the G20 are the finance ministers and central bank governors of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the U.K. and the U.S., as well as the European Union, represented by the rotating council presidency and the European Central Bank.

4. Capital Flow

5. Global Performance

6. WORLD ECONOMIC OUTLOOK
Global Growth
WORLD ECONOMIC OUTLOOK
Global Economy Contracts, With Slow Recovery Next Year
April 22, 2009
World output projected to decline by 1.3 percent in Need for sustained policy response to tackle financial sector, support demand. With strong policies, growth could reemerge in 2010

7. Discussion
Why is the IMF considered to be an important institution in the effort to address the global economic crisis?
How is the global economic crisis affecting emerging economies?
Why many consider G20 is more relevant than G5 in addressing the global economic crisis?