Accomplishments
The 2002 conference is said to have pumped some $300-million into the Kananaskis economy; but it could be just as accurate to say that the cost of the summit, not the benefit to the community, was $300 million.
In response to and support of the New Partnership for Africa's Development (NEPAD), the Kananaskis Summit produced an African Action Plan, which contained commitments on promoting peace and security; strengthening institutions and governance; fostering trade, economic growth and sustainable development; implementing debt relief; expanding knowledge; improving health and confronting HIV/AIDS; increasing agricultural productivity; and, improving water resource management.
Furthermore, the G8 Global Partnership Against the Spread of Weapons and Materials of Mass Destruction was adopted at the summit; with members committing US$ 20 billion towards the security of some weapons of mass destruction in former soviet republics.
In the summit's final communique, one of the unexpected highlights was an announcement that Russia would become a true full member of the G8. This would be accomplished by allowing it to host its first G8 Summit, starting in 2006. Thus, the rotation of the G8 Presidency was changed, placing Russia between the United Kingdom and Germany.
Read more about this topic: 28th G8 Summit