www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrologyShopping TendersClassifieds Opinions Hotels
Sign In / Register | Archive
Expressindia » Story

G-20 FMs agree to maintain fiscal support

Font Size

Agencies

Posted: Nov 08, 2009 at 1810 hrs IST
G20

London The G-20 Finance Ministers have pledged to maintain the stimulus packages until the global economy is fully back on track and committed to work out an ‘ambitious outcome’ at the UN climate change summit next month.

In a communique at the end of the two-day conclave at St Andrews in Scotland the G20 ministers said: "The recovery is uneven and remains dependent on policy support. High unemployment is a major concern.

"To restore the global economy and financial system to health, we agreed to maintain support for the recovery until it is assured."

The communique said they wanted an "ambitious outcome" at December's UN climate change summit in Copenhagen, but there was no agreement on a climate finance figure.

"We committed to take action to tackle the threat of climate change and work towards an ambitious outcome in Copenhagen," the Communique said.

However, no agreement was made on financing options, nor on how much individual countries would contribute.

Britain's Chancellor of Exchequer Alistair Darling admitted that "while there are signs of improvement, we are not out of the woods yet.

"Although work is being done on the exit strategy, there is no one that believes the job is yet done."

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

2 killed, 47 hurt as train derails after Maoists blast

IAF Vice Chief’s latest: Politics stalls defence purchases

Govt promises to amend sugarcane ordinance

China tries to mollify India over Indo-Pak reference

Campaigning stops Koda from meeting ED

We should not expect much from Copenhagen summit: Ramesh

Mahesh Bhatt writes to PM about 'great betrayal'

More
Featured Services
© 2009 The Indian Express Limited. All rights reserved
The Indian Express Group | Advertise With Us | Privacy Policy | Feedback | Work With Us | Site Map