- The leaders of the world's largest economies will help in boosting growth and job creation to repair the wounded global economy because of the European financial crisis.
- The Summit declaration also included investment in infrastructure in the developing countries; this decision would help in achieving global growth which was hauled due to the falling state of the world economy and the Eurozone crisis.
- All the Euro members of the G 20 will indulge in necessary policy measures to not only safe guard the integrity, but also stabilize the whole area. This would be done only by breaking the feedback loop between the sovereigns and the banks.
- The summit has also recognized the progress made by China in market-determined exchanged rates.
Owing to the debt loaded 17 nation Euro zone, India on 19 June 2012 announced a $10 Billion contribution to the already existing IMF’s $430 Billion financial money. The announcement was made by Manmohan Singh in the Seventh G-20, Mexico. The amount was contributed to the International Monetary Fund (IMF) for the bailout fund that would help them ease off a little burden from the debt scenario. The seventh G 20 take took place in the Mexican resort of Los Cabos. The seventh summit was headed by Mexico’s President, Felipe de Jesús Calderón Hinojosa. The next G20 Summit is scheduled in 2013 with Russia as the new chair. The G20 is the premier forum for international cooperation on the most important aspects of the international economic and financial agenda. It brings together the world’s major advanced and emerging economies. The G20 includes 19 country members and the European Union, which together represent around 90% of global GDP, 80% of global trade and two-thirds of the world’s population. The G 20 started in the year 1999, but it has been regular only since 2008.