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Its potential importance was further suggested by its institutional characteristics. These included the firm control of the chair by the G7, the two year rotational cycle, the linkage of its meetings to those of the G7 meetings at the start of each year, the presence of a deputies process to prepare for and support the meetings, its ability to call on the resources of the IMF, World Bank and outside experts, and its ability to "form working parties to examine and make recommendations on issues related to its mandate.
The early emphases by the Canadian chair suggested an effort to turn the new institution into an influential forum.
The Canadians initially considered the possibility of holding the second ministerial meeting in June , a mere six months after the first. Substantively, the central Canadian objective was to avoid having the body generate the traditional north-south divide.
Canada thus wanted to keep the Group focused on sharing experiences, and open discussion, rather than the statement of hard positions.
Their emphasis was heightened by the views of some, such as another newly included finance minister, who saw the new Group as an excellent opportunity for the "South" to press its issues against the "North.
There are thus concerns about whether this fledgling Group constitutes a sufficient degree and form of institutionalized association with the G7.
One doubt arises from the view of some who see the G20 as part of the "G7-ization" of the world. In this view, the G20 was born to legitimate G7 initiatives to the wider world, by securing a broader consensus for G7-generated ideas.
The G20's eleven non-G7 members are thus destined to affect issues merely on the margin, to be informed of G7 initiatives, and to be given some semblance of participation.
The G20 underscores the fact that the G7 does not want to leave the reform of the international financial system to the IMF or World Bank, where developing countries have an institutionalized role.
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