G20 Summit 2014 in Australia's Brisbane

Thousands of delegates emerged on Brisbane, the venue of the recent G20 summit to tackle global economic growth among other world challenges. Will the talk be followed by action?

The countries with the twenty largest economies are simply too different to effectively work together.

On November 15-16, the city of Brisbane has seen world leaders and around 4,000 delegates visiting Australia for the G20 summit in a bid to find a solution to a number of world issues. Global financial recovery, the Ebola virus epidemic and climate change were among the challenges discussed during the two-day summit.

GDP of G20 countries will increase by two percent by 2018.

Leaders of the United States and several European nations confirmed their intention to conduct negotiations leading to the Transatlantic Trade and Investment Partnership agreement (TTIP). The agreement is aimed at removing trade barriers in a number of economic sectors.

G20 leaders will establish the Global Infrastructure Hub to provide resources to help implement the G20's infrastructure agenda. The Hub will help to achieve practical outcomes by working with governments and private sector, banks, international organizations and other stakeholders.

Australian Aboriginal rights activists burned the Australian flag protesting against Prime Minister Tony Abbott's view on Australian history. Earlier this week, during an international business breakfast, Abbott said that before the British colonization Australia was "nothing but bush".

Prime Minister of Australia Tony Abbott said the 2016 G20 Summit will take place in China; next year, G20 leaders will meet in Turkey.

Participants of the G20 summit decided to establish Energy Efficiency Finance Task Group to advance financial cooperation in the international arena, boosting energy efficiency investments through the flow of private and public capital.

G20 leaders will take concrete action to fight corruption in 2015-2016. Efforts will be directed toward combating bribery, promoting greater transparency in the public and private sectors and facilitating international cooperation to fight corruption.

A number of breakthroughs, including the spheres of economic growth, taxation, infrastructure and trade facilitation could be expected at the G20 summit currently underway in Brisbane, Australia.

During G20 summit in Australia's Brisbane Russian President Putin held bilateral meetings with German Chancellor Merkel and European Commission President Juncker.

The EU has to take measures to kick-start and sustain economic recovery, European Commission president said.

Russian President Vladimir Putin is not leaving the G20 summit due to alleged pressure from the West over Ukraine, the Kremlin's spokesperson assured.

According to Kremlin spokesman, the leaders of Russia and France agreed that all parties involved are suffering from anti-Russian sanctions and the situation in Ukraine's southeast.

When asked about the impact of the Ukrainian crisis on the global economy, the spokesperson from the Russian delegation said that geopolitical risks were discussed, though they did not pertain to a specific region.

UK Prime Minister Cameron outlined his vision of the situation in southeastern Ukraine and Russian President Putin gave a very detailed comment on the issue, Kremlin spokesman said.

Russian President Putin and British Prime Minister Cameron expressed interest in undertaking measures for settling the Ukrainian crisis that would contribute to restoration of relations between Moscow and the West.

Everything possible must be done to minimize potential risks and negative consequences for Russian-French relations, Russian President Putin said during his meeting with his French counterpart Hollande in the framework of G20 summit in Australia.

G20 leaders welcome the IMF’s initiative to make available a further $300 million to stem the Ebola outbreak.