G20 reiterates commitment to lift and rebalance global demand

Apr 12 2014, 14:18 IST
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Finance ministers and central bank governors of the Group of 20 Nations on Friday reiterated their commitment to lift and rebalance global demand and achieve exchange rate flexibility. (AP) Finance ministers and central bank governors of the Group of 20 Nations on Friday reiterated their commitment to lift and rebalance global demand and achieve exchange rate flexibility. (AP)
SummaryFinance ministers and central bank governors of the Group of 20 Nations on Friday reiterated their commitment to lift and rebalance global demand and achieve exchange rate flexibility.

reforms at the earliest opportunity.

"We are committed to maintaining a strong and adequately resourced IMF," it said.

"If the 2010 reforms are not ratified by year-end, we will call on the IMF to build on its existing work and develop options for next steps and we will work with the IMFC (International Monetary and Financial Committee) to schedule a discussion of these options," the G-20 said.

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