- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

G20 pledges to maintain support for economic recovery

© Aleksey NikolskyRussian Finance Minister Alexei Kudrin
Russian Finance Minister Alexei Kudrin - Sputnik International
Subscribe
The G20 finance ministers and central bank governors agreed on Saturday to pursue anti-crisis measures to support what they described as 'uneven recovery.'

ST. ANDREWS (Scotland), November 7 (RIA Novosti) - The G20 finance ministers and central bank governors agreed on Saturday to pursue anti-crisis measures to support what they described as 'uneven recovery.'

In a communique issued after today's meeting, the G20 top finance officials and central bank chiefs pointed to improving economic and financial conditions in the wake of their "coordinated response to the crisis."

"However, the recovery is uneven and remains dependent on policy support, and 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.

Russian Finance Minister Alexei Kudrin, who attended the G20 ministerial meeting in St. Andrews, said although he did not expect a new wave of the global crisis to hit in the next 18 to 24 months, Russia would keep economic support packages in place.

"I think a second stage of the crisis or recession is unlikely, at least in the next 18 to 24 months. But we should be on our guard," Kudrin said at a news conference after the G20 ministerial meeting. "Everybody is telling each other to go slow on scaling down anti-crisis measures," the Russian minister said.

 

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала