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G20 Accord

Following the 2008 financial crisis, the Group of 20 (G20) Summit was established as an international forum for the heads of government of the world’s major economies. The G20 met three times in 2008-9, resulting in the G20 Accord, which set governments the task of maintaining monetary and financial stability on an international basis. In particular, the G20 stressed the importance of transparency and accountability within an internationally agreed framework of codes and standards which the G20 saw as key to ensuring sustained economic growth and stability at the global level.

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