The G-30 is meeting in Jerusalem today for a series of discussions on global economic conditions, including the weakening dollar and re-emergence of inflation. The meetings are behind closed doors, the G-30 policy since it was founded in 1978.
Few outside members of G-30 are invited to its sessions, and they are invited as observers only, without the right to speak. A number Bank of Israel executives and former deputy governor Prof. Zvi Eckstein, as well as Ministry of Finance director general Yarom Ariav will attend the Jerusalem meeting in this capacity.
Former Bank of Israel governor Jacob Frenkel is the G-30 chairman, and current governor, Fischer, is a member. Other current members include Prof. Paul Krugman of Princeton University, Governor of the Bank of England Mervyn King, European Central Bank President Jean-Claude Trichet, former US Secretary of the Treasury Lawrence Summers, former Federal Reserve Board Chairman Paul Volcker, Governor of the People's Bank of China Zhou Xiaochuan, and Governor of the Banco D'Italia Mario Draghi.
Published by Globes [online], Israel business news - www.globes-online.com - on May 25, 2008
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