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Let’s Stop Pretending the G20 Actually Matters Anymore

The Group of 20 wrapped up yet another high-profile summit on Sunday that will once again disappoint anyone looking to the world’s wealthiest countries for leadership in resolving the developing world’s burgeoning debt crisis.

The final communiqué basically repeated the same, tired ideas that we saw just a month ago when G20 finance ministers met. Then, as now, they complained about the lack of participation by the private sector, issued vague promises of more support from the IMF, and talked up how successful their meager debt suspension efforts have been to date. 

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