The 2014 G-20 Summit: Maximising Growth, Revenue and Stability

The 2014 G-20 Summit, hosted by Australia, focuses on 'growth and resilience' to address a 'fragile, sluggish global economy'. A key objective is the 'Brisbane Action Plan', aiming to boost G-20 GDP by at least 2 per cent above projections over five years, potentially adding over $2 trillion to global GDP. The G-20's broader agenda includes financial regulation, international tax reform, and energy market resilience. For South Africa, the summit is critical as it seeks to align global growth outcomes with its National Development Plan's goal of over 5 per cent GDP growth, while advocating for inclusive and sustainable growth across Africa.

• The 2014 G-20 Summit, chaired by Australia, is prioritising 'growth and resilience' to combat a 'fragile, sluggish global economy'.
• G-20 Finance Ministers and Central Bank Governors have set a target to increase GDP across G-20 nations by at least 2 per cent above current projections over the next five years, which could add more than $2 trillion to global GDP and create millions of jobs. This will be pursued through the 'Brisbane Action Plan', involving national growth strategies focused on infrastructure investment, reducing trade barriers, promoting competition, and boosting employment.
• To ensure future financial stability and sustainable growth, the G-20 is pursuing reforms in financial regulation, the international tax system, the representativeness of global institutions, the operation and resilience of global energy markets, the global trading system, and the fight against corruption.
• South Africa aims to use the summit to support its National Development Plan's target of average GDP growth exceeding 5 per cent, contrasting with 2014 estimates of 2 per cent. Additionally, South Africa is advocating for inclusive and sustainable growth for Africa, the only region that has largely maintained growth despite global conditions.

APA

South African Institute of International Affairs (2014). The 2014 G-20 Summit: Maximising Growth, Revenue and Stability. https://saiia.org.za/research/the-2014-g-20-summit-maximising-growth-revenue-and-stability/

Chicago

South African Institute of International Affairs. The 2014 G-20 Summit: Maximising Growth, Revenue and Stability. 2014. https://saiia.org.za/research/the-2014-g-20-summit-maximising-growth-revenue-and-stability/.

Wikipedia

{{cite report |author=South African Institute of International Affairs |title=The 2014 G-20 Summit: Maximising Growth, Revenue and Stability |date=11 November 2014 |url=https://saiia.org.za/research/the-2014-g-20-summit-maximising-growth-revenue-and-stability/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{southafricaninstituteofinternationalaffairs20142014, author = {{South African Institute of International Affairs}}, title = {{The 2014 G-20 Summit: Maximising Growth, Revenue and Stability}}, institution = {South African Institute of International Affairs}, year = {2014}, month = nov, url = {https://saiia.org.za/research/the-2014-g-20-summit-maximising-growth-revenue-and-stability/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }