Global Economy Meeting
The Global Economy Meeting (GEM) is the principal discussion forum of central bank Governors during the regular Bank for International Settlements (BIS) bimonthly meetings.
The two main roles of the Meeting are to:
- monitor and assess developments in the world economy and the global financial system.
- provide guidance to, and receive reports from, the Basel-based central bank committees: the Committee on the Global Financial System (CGFS), Committee on Payments and Market Infrastructures (CPMI) (formerly called the Committee on Payment and Settlement Systems (CPSS)) and the Markets Committee.
The 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 and meetings are observed by Governors from several other central banks.