Nagornov V., PhD in Economics, Deputy Director of the Centre for International Comparative Studies of the International Organisations Research Institute of the National Research University – Higher School of Economics; E-mail: VNagornov@hse.ru

The paper presents analysis of the G8 and G20 deliberations, decisions and delivery in the spheres of finance, economy and trade in the period from 2008 to 2010. The author shows the evolution of the efforts to stabilize the financial system, stimulate domestic demand and strengthen the regulatory system. The paper concludes that the division of labour between the two institutions through coordinated efforts and involvement of international organizations by the dual G8/G20 French presidency should contribute to economic recovery in 2011.