Jersey Finance chief executive Geoff Cook

LAST week’s G20 summit in Pittsburgh has left Jersey in a good position, according to the chief executive of Jersey Finance.

At the summit, world leaders pledged to support economic activity until recovery was on the cards.

They agreed to develop a framework for ‘strong, sustainable and balanced growth’ of the world economy.

Jersey Finance chief executive Geoff Cook said that the three bodies who would be putting that framework together – the International Monetary Fund, the OECD and the Financial Stability Board, which represents international financial institutions – had a good relationship with Jersey, which put the Island at an advantage.

‘The fact that the G20 have delegated the building of a new framework to these three bodies, with whom Jersey has a good reputation, puts us in a good position,’ he said. ‘Our integrity is understood by these bodies and they will be the ones that the G20 rely on to carry out their new framework.’