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G20 Announces Plan To Boost Global Growth, Women In Workforce


Leaders at the G20 summit in Australia say they have produced a plan to boost global growth by more than $2 trillion during the next five years.

The plan -- which seeks to boost global growth by 2.1 percent -- was announced by the summit's host leader, Australian Prime Minister Tony Abbott, as he presented the event's final communique on November 16.

It also says the G20 wants to see 100 million more women employed by 2025, with reduced barriers to female participation in the workforce.

The G20 also wants to reduce the costs of remitting money by migrant workers to their home countries, the communique said. The remittances were acknowledged as crucial for supporting millions of families in developing nations.

Progress achieving the goal will reportedly be reviewed by the International Monetary Fund (IMF) and the Paris-based Organization for Economic Cooperation and Development (OECD).

It also called for "strong and effective action" on climate change, with G20 leaders throwing support behind the United Nations’ Green Climate Fund -- which aims to help poorer countries deal with the problem.

The economic talks were largely overshadowed by a chorus of international criticism aimed at President Vladimir Putin over Russian’s role in Ukraine's crisis.

Putin departed from the summit before the conclusion of officially scheduled events.

Based on reporting by Reuters, AP, AFP, and dpa
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