Finally, Singapore and G20

So Singapore might have a chance to be in the new exclusive club, the G20. Might. The others invited to sit in are Vietnam,  Malawi, Ethiopia and Spain, a motley bunch but for specific reasons of representation. For the sake of G20 trivia, Netherlands was not invited despite previous invitations, to reduce the EU dominance. Indonesia is already a full fledged G20 member right from the start, and it showed their sheer lobbying power in getting in and having the foresight that it is the new controversial economic bloc with growing bite and bark it seems.  The G20 caused a tiny storm when it appeared in 2008 as it is seen as making decisions on behalf of both the G77 developing and G8 developed worlds.

Singapore, it is never too little or too late to get into the new global gang.

S’pore invited to G20 meet in Nov
05:55 AM Sep 25, 2010 Today

SINGAPORE – Singapore has been invited to participate in the G20 Summit in Seoul on Nov 11 and 12.

In a statement, the Ministry of Finance said the summit – the fifth meeting of the G20 heads of state and government – will discuss the challenges facing the global economy and measures to promote strong, sustainable and balanced global growth.

It added that Singapore, as a major financial centre, has a particular interest in contributing to discussions by the group on global financial reforms, efforts to keep markets open and resist protectionism.

Singapore, as a member of the informal Global Governance Group (3G), has also been supportive of the efforts of the G20 to develop a consultative, inclusive and transparent framework to strengthen international economic cooperation.

The 3G, which comprises 27 United Nations member states was created more than a year ago to encourage the strengthening of a framework of engagement between G20 and non-G20 countries.


One response

  1. Kute Steiner

    I think Singapore “deserves” to be part of it for this round…

    Seeing we literally “paid” or “write off” billions to keep “some” banks solvent to our ultimate cost.

    How many years of reserves are gone…and how much more can we squeeze from our fellow countrymen.

    September 27, 2010 at 12:48 pm

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