(PTI) Downside risks remain in the global economy, even as the recovery is broadening and becoming more self-sustained with increasingly robust private demand growth, the G-20 countries said on Friday.
After the meeting of finance ministers and Central Bank Governors, the group comprising of most influential economies in the world, issued a joint communiqu? in which they agreed to remain vigilant and take necessary actions to reduce risks to the global recovery.
To strengthen the international monetary system, the club agreed to focus their work in the short run, on assessing developments in global liquidity, country specific analysis on drivers of reserve accumulation, strong coordination to avoid disorderly movements and exchange rates misalignments, and adoption of criteria for broadening the composition of SDR.
After the meeting of finance ministers and Central Bank Governors, the group comprising of most influential economies in the world, issued a joint communiqu? in which they agreed to remain vigilant and take necessary actions to reduce risks to the global recovery.
To strengthen the international monetary system, the club agreed to focus their work in the short run, on assessing developments in global liquidity, country specific analysis on drivers of reserve accumulation, strong coordination to avoid disorderly movements and exchange rates misalignments, and adoption of criteria for broadening the composition of SDR.
Comments
Post a Comment