Central Banks and the G20 Agenda: Ensuring Policy Coherence

By Alexander Barkawi and José Siaba Serrate


The G20 has come a long way in pulling economies back from the brink. Yet, a lot remains to be done in its pursuit of inclusive and sustainable growth. Its leaders have continuously highlighted the urgent need to use all policy levers in targeting its objectives. Central banks should not be carved out from this imperative. They need to assess, report and engage on their effects on inclusive and sustainable growth. Several central banks have already taken steps in that direction. G20 leaders should endorse their actions and encourage them and their peers to move further in ensuring policy coherence with the G20 agenda.