G-20 agree to «guiding principles» of the global economy ..

G-20 agree to «guiding principles» of the global economy ..


17/04/2011 17/04/2011


WASHINGTON - KUNA
Approved by the Group of 20 "guiding principles" that would measure the potential risks to the global economy resulting from national economic policies. Countries said the group that met with finance ministers and central bank governors on them here on the sidelines of the Spring Meetings of the International Monetary Fund and the World Bank said they had agreed in February the past, "a set of indicators that would allow a focus on an integrated process of two steps on the great imbalances that require political action."

She explained that these indicators are the "public debt, fiscal deficits, savings rates and private debt and external imbalance component of the trade balance and net flows investment income and operations of remittances, taking into account the exchange rate and fiscal and monetary policies and other policies.

"According to the joint statement issued after the meeting" to promote international monetary system we have agreed to focus our work in the short term to assess developments in global liquidity and strengthen coordination to avoid disorderly movements and continuing imbalances in the exchange rates and provide a set of tools to strengthen and improve the safety nets of the global financial and strengthen cooperation between the International Monetary Fund and regional financial arrangements and the development of local capital markets and borrowing in local currency.

"The statement stressed that the aim is to strengthen the sustainability of Foreign Affairs and ensure that the track members of the Group of 20 full set of the policies required to reduce excessive imbalances and maintain the imbalances in current accounts at sustainable levels. Furthermore, said French Finance Minister Christine Lagarde said guiding principles are in fact very mechanism, a process that very objective.

.”. She added: "We now have the means and we have the process by which we can really examine the policies and analysis of side effects and possible negative impacts that may be in some policies." .”. At the same time, according to reports, a group of 20 that "the events in some countries in the Middle East and North Africa and Japan increased economic uncertainty and tensions in energy prices." The group said "we have seen a surplus in production capacity sufficient to meet the global demand for energy.

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