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
