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Main points from G20 finance ministers meeting

15 Mar 2009 12:24 PM

HORSHAM, England, March 15 AFP - Main points from a meeting of the finance ministers of the Group of 20 richest and developing countries on Saturday ahead of a summit of G20 leaders in London on April 2:

- Agreed to take decisive and coordinated action to boost demand and jobs

- Key priority is to restore lending by tackling problems in financial system

- Agreed on "urgent need" to increase resources of International Monetary Fund (IMF)

- Called on the IMF to assess the fiscal stimulus actions taken by individual countries

- G20 countries to continue to use monetary policy, including interest rate cuts, "as long as needed"

- Commitment to help hard-hit emerging and developing economies to cope with decline in foreign investment