PM Lee heads to Brisbane for G20 summit where focus is on boosting global economic growth

A visitor poses for photos in front of a "Brisbane" artwork along the Brisbane River bank on Nov 13, 2014, ahead of the G20 Summit.  Prime Minister Lee Hsien Loong will be in Brisbane, Australia, on Saturday and Sunday for the Group of 20 (
A visitor poses for photos in front of a "Brisbane" artwork along the Brisbane River bank on Nov 13, 2014, ahead of the G20 Summit.  Prime Minister Lee Hsien Loong will be in Brisbane, Australia, on Saturday and Sunday for the Group of 20 (G20) summit with some of the world's most powerful leaders. -- PHOTO: AFP

SINGAPORE - Prime Minister Lee Hsien Loong will be in Brisbane, Australia, on Saturday and Sunday for the Group of 20 (G20) summit with some of the world's most powerful leaders.

They will discuss current challenges facing the world economy, said the Prime Minister's Office in a statement on Thursday.

They will also talk of ways to promote strong, sustainable and balanced growth as well as economic resilience.

Australian Prime Minister Tony Abbott, who is hosting the Brisbane Summit, has promised that the meetings will not be just a "talkfest" but will focus on creating jobs, identifying tax cheats and boosting global economic growth by a further 2 per cent over the next five years.

Mr Abbott has singled out three themes for the meeting's agenda: strengthening the private sector to promote growth and employment, making the world economy more resilient to future shocks, and shoring up global institutions.

Singapore is not a member of the G20, which comprises the world's 20 largest developed and developing economies and makes up about two-thirds of the world's population, 85 per cent of the global economy and more than 75 per cent of world trade.

But Singapore is one of six guest countries invited to take part in this year's G20 summit, which will be the ninth since 2008.

It is the fourth time Singapore will have a seat at the event.

Mr Lee will be accompanied by Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam, as well as senior officials from the Ministry of Finance, Ministry of Foreign Affairs and the Monetary Authority of Singapore, the PMO statement said.

During his absence, Deputy Prime Minister Teo Chee Hean will be the Acting Prime Minister.

The G20 summit comes on the heels of a series of international meetings this week. On Monday and Tuesday, PM Lee attended the 22nd Asia-Pacific Economic Cooperation (Apec) Economic Leaders' Meeting in Beijing, China.

He then flew to Naypyidaw, Myanmar's capital, to attend the 25th Asean summit and related meetings, including the 17th Asean-Plus-Three Summit, the 9th East Asia Summit, and summits with China, India, Japan, the United States and the United Nations secretary-general.