G20 must deliver on agreed reforms – leaders

SEOUL, March 30 (BestGrowthStock) – The world economic recovery
remains fragile and G20 governments need to recommit and
deliver on reforms they have already agreed to, G20 steering
group leaders urged fellow members in a letter on Tuesday.

The letter was signed by U.S. President Barack Obama,
Canadian Prime Minister Stephen Harper, French President
Nicolas Sarkozy, South Korean President Lee Myung-bak and UK
Prime Minister Gordon Brown. (For full text click
[ID:nTOE62T03V])

“Our first objective is the return to sustained growth and
job creation. To fulfil this objective, we need to design
cooperative strategies and work together to ensure that our
fiscal, monetary, foreign exchange, trade and structural
policies are collectively consistent with strong, sustainable
and balanced growth,” the leaders said.

The Group must ensure international financial systems are
strengthened to meet the needs of the global economy and do
more than just advocate for trade and against protectionism.

But the leaders made no direct reference to the tricky
issue of foreign exchange flexibility, with China continuing to
resist U.S. pressure to raise the value of the yuan
[ID:N23252371].
Stock Market Report

(Reporting by Jonathan Thatcher; Editing by Sanjeev Miglani)

G20 must deliver on agreed reforms – leaders