G-20 Finance Ministers pledge “sustained effort necessary to restore growth”; No additional spending promised
Mar 15th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Finance Ministers and Central Bank Governors from the G-20 group of developed and emerging countries have pledged to cooperate on the "sustained effort necessary to restore growth" at the end of their two-day meeting at Horsham in Southern England. The communiqué agreed by the meeting, which was said to be an important milestone in the preparations for the London Summit on April 2nd, also said the countries present would take whatever action was necessary, with restoring bank lending a key priority. However, the meeting failed to agree on the coordinated spending packages that the US says would boost a global recovery.