G-20 Finance Ministers Pledge to Boost Global Economy (Download PDF)

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Finance Ministers from the Group of 20 (G-20) major economies have promised to improvement the global economy, they say is a showing a weak recovery. At the end of the two-day meeting of G-20 this announcement was made.

  • Finance ministers and Central Bank Governors meeting held in the Chinese city of Chengdu.
Group of 20 Meetingheld in the Chinese City of Chengdu.
  • Global finance officials promised to protect the world economy from the shockwaves of Britain՚s European Union poll and to boost the growth.

Highlights of meeting:

  • G-20 Finance ministers stated concern about how Brexit will affect the world՚s economy and Britain՚s plan to leave the European Union.
  • Member nations are well situated to pro-actively to address the potential economic and financial significances from such developments.
  • They promised to reject trade protectionism, which became a noticeable issue at the meeting.
  • They expressed the significance of reducing the additional production of steel that has led to a surplus on the global market.
  • The issue is related between China and its trading partners, who say Beijing exports steel at unreasonably low prices.

About G-20:

Image Shows the G-20
  • G-20 is a Group of Twenty and an international forum for the governments and central bank governors from 20 major economies.
  • It was founded in 1999.
  • The aim of G-20 is to studying, reviewing, and promoting high-level discussion of policy issues relating to the promotion of international financial stability.

- Published/Last Modified on: July 26, 2016

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