The Global Economy Meeting(BIS)
The Global Economy Meeting (GEM) comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP. The Governors of another 22 central banks attend the GEM as observers.
Chaired by Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, the GEM has two main roles:
monitoring and assessing developments, risks and opportunities in the world economy and the global financial system
providing guidance to three Basel-based central bank committees: the Committee on the Global Financial System, the BIS Committee on Payments and Market Infrastructures and the Markets Committee
The GEM’s economic discussions focus on current macroeconomic and financial developments in major advanced and emerging market economies.
GEM members: central bank Governors of Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, the Netherlands, Poland, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey and the United Kingdom, and the President of the ECB, the Chair of the Federal Reserve Board of Governors and the President of the Federal Reserve Bank of New York.
GEM observers: central bank Governors of Algeria, Austria, Chile, Colombia, the Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Israel, Kuwait, Luxembourg, Morocco, New Zealand, Norway, Peru, the Philippines, Portugal, Romania, the United Arab Emirates and Vietnam.