Related News
Draft Communique Outlines Leaders' Hopes
Source: Agencies |
March 30, 2009, Monday
|
Print Edition
Print Edition
G20 leaders hope support for banks, higher spending and more money for the IMF will lift the world economy out of recession by the end of 2010, according to a draft G20 communique on the Financial Times Website.
Existing fiscal expansion will raise global output by more than 2 percentage points and create more than 20 million jobs worldwide, the report said, quoting from a leaked 24-point draft ahead of Thursday's summit.
"We are determined to restore growth now, resist protectionism, and reform our markets and institutions for the future," the draft communique said, according to the FT. "We are determined to ensure that this crisis is not repeated."
The draft said G20 countries were also committed to "put in place exit strategies from the necessary expansionary policies, working together to avoid unintended impacts on other."
Executive pay and bonuses should reward performance, sustainable growth and avoid excessive risk, it said.
On gold, the IMF will be asked to bring forward proposals to use proceeds from agreed gold sales to support poor countries, according to the draft.
Existing fiscal expansion will raise global output by more than 2 percentage points and create more than 20 million jobs worldwide, the report said, quoting from a leaked 24-point draft ahead of Thursday's summit.
"We are determined to restore growth now, resist protectionism, and reform our markets and institutions for the future," the draft communique said, according to the FT. "We are determined to ensure that this crisis is not repeated."
The draft said G20 countries were also committed to "put in place exit strategies from the necessary expansionary policies, working together to avoid unintended impacts on other."
Executive pay and bonuses should reward performance, sustainable growth and avoid excessive risk, it said.
On gold, the IMF will be asked to bring forward proposals to use proceeds from agreed gold sales to support poor countries, according to the draft.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
