The latest news concerning the G20 is that G20 leaders have requested Australian Prime Minister Julia Gillard to have her country host the G20 summit in 2014. Prime Minister Gillard hopes that Australia, in hosting the summit, will get to direct focus the international agenda “on issues of fundamental importance. . . including the health of the global economy, financial regulation, trade, jobs and clean energy.” This December, G20 finance ministers will meet to discuss on how the IMF (International Monetary Fund) will manage its resources in the coming years.

Pressing problems as of late include the debt problems plaguing Greece which world leaders do not want to see spread throughout the world, much less Europe. Climate issues will also be focused on including tackling the problems of funding needed projects. While Australian leaders scramble for the bid to host the G20 summit at their respective cities, Mexico is already in preparation for its hosting of the seventh G20 summit in 2012 where the country will hopefully better represent the developing countries of the world. Last year the South Korean capital of Seoul hosted the G20 summit whereas this year the location was moved to Paris, the capital of France. In 2013, Russia will host the G20 summit where it hopes to swing the focus on bolstering the global workforce, trade and other economic problems. In the year 2015, Turkey will take over in hosting the G20 summit. (Cover Photo: Xinhua/WcP Blog)