综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

left corner left corner
China Daily Website

G20 meeting ends with more money committed to global stability fund

Updated: 2012-11-06 16:47
( Xinhua)

MEXICO CITY - Finance ministers and central bankers of the Group of Twenty (G20) members ended their meeting Monday with a commitment to strengthen financial regulations and increase financial commitment to a global stability fund.

Managing Director of the International Monetary Fund (IMF) Christine Lagarde said G20 members had committed more money to the global stability fund run by the IMF.

"In Tokyo we signed agreement to deliver nearly $290 billion to the fund," Lagarde told a press conference on the sidelines of the G20 meeting.

"Around $100 billion dollars more is due within the next weeks. We are now north of 80 percent of committed increase to IMF funds," said Lagarde.

The fund was created at the Los Cabos G20 meeting with pledges totaling $461 billion. Largarde said that the IMF now has access to $1 trillion to make loans for fighting economic disasters.

The statement also addressed concerns about the "fiscal cliff" in the US - a package of spending cuts and tax increases set to become effective next January if the US legislators fail to reach an agreement on how to reduce debt in the medium term.

"The United States will carefully calibrate the pace of fiscal tightening to ensure that public finances are placed on a sustainable long-run path while avoiding a sharp fiscal contraction in 2013," said the meeting's closing statement.

The statement said that members were happy with the results seen in Europe, which has launched a series of economic reforms to stabilize and better supervise its banking system in the face of debt crises in Portugal, Ireland, Italy, Greece and Spain.

However, Australian Finance Minister Wayne Swan said the G20 must make good on its commitments in order to fight the world's multiple economic crises.

"There is nothing more important to the global economy than to lift growth in the world's major advanced economies," Swan told a press conference on the sidelines of the G20 meeting.

Separately, Mexico used the occasion to release a disaster preparedness manual, a favored initiative of the current government, which compiles the best practices of 16 nations facing natural disasters.

The document is designed to help finance ministers and other authorities develop financial strategies for disaster risk management.

The meeting also stressed improving banking transparency and consistently implementing regulation in international financial systems, an issue that has been on the table since 2008.

Bank of Canada Governor Mark Carney told a press conference here that regulators had moved forward on the so-called "too-big-to-fail" institutions whose central place in the economy creates system risks when things go wrong.

"We are identifying globally systematically important banks, for which there will be additional capital requirements," Carney said. The next initiatives will be to identify institutions that play a similar role within each nation and within insurance markets as well.

The G20 conference was the last major event chaired by Mexico before it hands over the rotating G20 presidency to Russia for 2013.

 
...
...
...
彭州市| 新郑市| 巫溪县| 金塔县| 雅安市| 册亨县| 黔南| 咸阳市| 余姚市| 花垣县| 铜川市| 左贡县| 大石桥市| 巴彦县| 高安市| 华蓥市| 紫金县| 水城县| 延庆县| 通辽市| 四平市| 启东市| 治县。| 崇阳县| 汨罗市| 崇义县| 新建县| 桐梓县| 乐陵市| 饶阳县| 弥渡县| 沿河| 江口县| 远安县| 乌拉特中旗| 永靖县| 额敏县| 苏尼特右旗| 喀喇沁旗| 兴国县| 长乐市|