Off the wire
• Serbian police arrest 49 people for bribe, corruption  • British FTSE 100 decreases 0.34 pct on Friday  • Safaricom reclaims top mover spot at Nairobi bourse  • 2nd LD: Tsunami would be arriving "imminently" after quake: Japanese agency  • Syrian gov't delegation joins second round of peace talks in Geneva  • Urgent: G20 countries reiterate commitments to use all policy tools to strengthen growth  • Daimler launches car-sharing service in China  • FLASH: G20 COUNTRIES REITERATE COMMITMENTS TO USE ALL POLICY TOOLS TO STRENGTHEN GLOBAL GROWTH: G20 COMMUNIQUE  • Islamic summit ends in Istanbul highlighting anti-terror fight  • 2nd LD: Magnitude-7.2 quake rattles Japan, no casualties reported yet  
You are here: 　 Home

1st LD: G20 countries reiterate commitments to use all policy tools to strengthen growth

Xinhua, April 16, 2016 Adjust font size:

The Group of 20 leading economies reiterated their commitments to using all policy tools, including monetary, fiscal and structural tools, to foster confidence and strengthen growth, G20 finance ministers and central bankers said in a communique on Friday.

"Downside risks and uncertainties to the global outlook persist against the backdrop of continued financial volatility, challenges faced by commodity exporters and low inflation," said the communique.

The G20 countries repeated its earlier pledges to using all policy tools -- monetary, fiscal and structural ones, individually and collectively to foster confidence and strengthen growth.

They also reiterated their commitment to refrain from using exchange rates for competitive advantage. "We reaffirm our previous exchange-rate commitments, including that we will refrain from competitive devaluations and we will not target our exchange rates for competitive purposes," said the communique. Endit