Date
18 December 2017
Britain's David Cameron has warned of a possible 'frozen' conflict in Europe over Ukraine. Photo: Reuters
Britain's David Cameron has warned of a possible 'frozen' conflict in Europe over Ukraine. Photo: Reuters

G20 leaders agree to boost global growth

Rich countries have agreed to boost faltering world growth, tackle climate change and crack down on tax cheats.

At the same time, they warned Russia of further sanctions if it refuses to withdraw troops and weapons from rebel-held eastern Ukraine.

Russian President Vladimir Putin left the G20 summit in Brisbane early as United States President Barack Obama accused Russia of invading Ukraine and Britain warned of a possible “frozen conflict” in Europe, Reuters reported Monday.

Security and climate change overshadowed talks on boosting global economic growth, although the leaders signed off on a package to add an extra 2.1 percentage points to global growth over five years.

“This will add more than US$2 trillion to the global economy and create millions of jobs,” said a communique issued at the end of the meeting, which also committed to tackle global tax avoidance denying government’s billions of dollars in revenue.

The US and other nations overrode host Australia’s attempts to keep climate change off the formal agenda. Australia is one of the world’s biggest carbon emitters per capita.

The final communique called for strong and effective action to address climate change with the aim of adopting a protocol,
with legal force, at a UN climate conference in Paris in 2015.

World leaders also agreed to unite in the fight against Ebola, which British Prime Minister David Cameron said was not only a humanitarian crisis but also a security threat.

“The best way we can keep out people safe from Ebola is by tackling it at source,” he said.

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