Home ECONOMY G20 Fin ministers’ meet ends with ‘tangible outcomes’

G20 Fin ministers’ meet ends with ‘tangible outcomes’

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Sydney, Feb 23 :

A meeting of G20 finance ministers and central bank governors ended here Sunday with tangible outcomes, Xinhua reported.

Australian Treasurer Joe Hockey announced the end of the meeting and delivered a two-page communique.

(source :www.dw.de )
(source :www.dw.de )

According to the communique, the participants are committed to implementing policies to grow their collective GDP by more than 2 percent above the current trajectory over the next five years.

Each country will deliver a comprehensive growth strategy as part of the Brisbane Leaders Summit in November as the first step.

Hockey also stressed that economic structure reform was necessary for every nation.

The G20 also promised to take concrete actions to boost trade, competition, communication, employment opportunities and investment, particularly in infrastructure, and build resilience in the financial markets.

The communique reflects the shared goals of the finance ministers and central bank governors representing 75 percent of the global trade and 85 percent of the world economy.

(IANS)

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