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Europe Live Saturday 25th May 2013

Meeting of G20 Finance Ministers and Central Bank Governors

23rd April 2012

G20 Finance Ministers and Central Bank Governors met on 19th and 20th April. They declared that a "modest economic recovery" was ongoing but that risks associated with financial market volatility, the high level of public and private debt, the need to make structural reforms and a high level of unemployment, continued. In this context they welcomed the strengthening of the EU's stability mechanisms and called for various measures to support growth and employment and the completion of budgetary consoldiation and "world re-balancing". They mentioned the IMF's financial resources and its governance. The latter is due to witness an increase in its resources of over 430 million $, in addition to the quota increases that have already been planned for.

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