Global Policy Forum

The G-20 Toronto Summit Declaration

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The G-20 emphasizes "strong, sustainable and balanced global growth" as its highest priority in the wordy and uninspiring 2010 Toronto Summit Declaration. The US stance on financial stimulus was overruled by others such as Germany and the UK, so the declaration codifies a commitment to budget balancing that will cause pain to millions of ordinary citizens. The G-20 promised to be accountable for its commitments, but in light of the many unfulfilled promises from previous summits, it seems likely that agreements will be neglected and performance shrouded by political rhetoric.


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