Finance ministers and central bank governors of the world's 20 biggest developing and advanced economies, the G20, will discuss what changes can be made to fiscal and monetary policies, and what structural reforms are needed, to accelerate economic growth.
Australian treasurer Joe Hockey has held a joint press conference with US Secretary of the Treasury Jack Lew.
Hockey introduced the main focuses of the meetings: economic growth, jobs, private sectors and investment.
"Ultimately, we are focused on economic growth and jobs. That is going to deliver the prosperity of the world's needs and world's desires. And that growth will essentially come from the private sectors. So the government everywhere is to facilitate privat
