BERLIN (Reuters) – Germany plans a discussion on the risks and opportunities of hedge funds when it takes over the presidency of the Group of Eight (G8) industrialised countries, a finance ministry document obtained by Reuters shows.
The document, entitled “Topics for the 2007 German presidency of the G8”, lists proposed issues for G8 summits and finance minister meetings next year.
The cabinet of Chancellor Angela Merkel is expected to discuss the looming presidency at a meeting on Wednesday.
According to the document, topics for finance ministers would include hedge funds; the quality and sustainability of public finances; development of capital markets in emerging market economies; fiscal policy to promote energy efficiency and renewable energy; improving governance in developing countries; and IMF reform.
The document lists G8 summit topics under the broad headings “Growth and responsibility in the global economy” and “Growth and responsibility in Africa.”
Under the first heading, it urges working together to reduce global imbalances through budget consolidation in the United States, structural reform in Europe and Japan, and exchange rate flexibility in emerging markets.
