Hajnal Peter Ivan – Research Fellow at the Munk Centre for International Studies, University of Toronto and retired adjunct professor at the Faculty of Information Studies, University of Toronto (Toronto, Canada)

Panova Victoria – PhD in History, Senior Lecturer at the Moscow State Institute of International Relations (MGIMO University) of the MFA of Russia, Regional Director for Russia of the G8 Research Centre of the University of Toronto

This paper focuses on the period beginning with 1998, with only a brief reference to early reform initiatives of the G8. It will examine and comment on reform proposals as well as reforms actually achieved or underway. It will pay particular attention to the reform dimension of the evolving G5, Heiligendamm Process, BRIC (Brazil, Russia, India, China), Major Economies Meeting and G20 groupings, and to the G8’s relationship to these structures. The chapter concludes with outlining possible trajectories of G8 reform.