Finance ministers from the G20 group of rich and emerging nations have pledged to make a "sustained effort" to pull the world economy out of recession. "We are committed to deliver the scale of sustained effort necessary to restore growth," they said in a joint statement after their talks in the UK.
UK Chancellor Alistair Darling said they agreed the International Monetary Fund (IMF) should be given more money.
The talks were held amid reports of rifts over the best way forward.
BBC economics editor Stephanie Flanders said that the outline agreements represented "cheap talk", and differences remain.
The outline agreements will now provide the basis for more concrete pledges at next month's meeting of G20 leaders in London.
'Decisive action'
Speaking after the gathering of finance ministers in Horsham, West Sussex, Mr Darling, said the G20 recognised the "sense of emergency" surrounding the world economy.
"We have taken decisive and comprehensive action to boost demand and jobs," he said.
"We are prepared to take whatever action is necessary."
The outline agreements released in the joint communique include a commitment to fighting all forms of protectionism, and the restoration of bank lending.
No comments:
Post a Comment