G-30 to meet in Israel

The group will hold its plenary meeting in Israel. The G-30 is composed of very senior representatives of the private and public sectors and academia.

9 September 07 12:19, Zeev Klein

Governor of the Bank of Israel Prof. Stanley Fischer will host the G-30 summit in May 2008, as part of the Israel’s 60th independence celebrations, and the third year of Fischer’s term in office.

The G-30, established in 1978, is a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia. It aims to deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors, and to examine the choices available to market practitioners and policymakers.

Fischer is a member of the G-30. The current G-30 chairman is former Governor of the Bank of Israel Jacob Frenkel. He hosted the G-30 in Israel in 1991.

G-30 members include former Federal Reserve Board chairman Paul A. Volcker; Banco de Mexico Governor Guillermo Ortiz Martinez; Italian Minister of Economy and Finance Tommaso Padoa-Schioppa; Governor of the Bank of England Mervyn King; European Central Bank President Jean-Claude Trichet; Governor of the People's Bank of China Zhou Xiaochuan; Federal Reserve Bank of New York president and CEO Timothy F. Geithner; Former Deputy Governor of the Bank of Japan Yutaka Yamaguchi; former President of Mexico Ernesto Zedillo, now director of the Yale Center for the Study of Globalization; Citigroup senior vice chairman William R. Rhodes; and Arab Fund for Economic and Social Development chairman Abdulatif Al-Hamad, a former Kuwaiti Minister of Finance.

The G-30 meeting will be held on May-24-26. Prime Minister Ehud Olmert and Minister of Finance Ronnie Bar-On will probably participate.

Published by Globes [online], Israel business news - www.globes.co.il - on September 9, 2007

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