G-20 Countries Pledge Stronger Efforts

1:31 PM, Apr 19, 2013   |    comments
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WASHINGTON (AP) - World finance leaders are pledging to pursue further actions to bolster a disappointingly weak global recovery. They also reaffirmed their commitment to avoid using their currencies as an economic weapon to gain unfair advantages in foreign trade.

Finance ministers and central bank presidents from the Group of 20 nations wrapped up two days of talks Friday with a joint statement that said they had managed to avoid some of the biggest economic threats but growth was still too weak in many countries and unemployment too high.

The joint statement revealed no major new policy initiatives but did urge the United States and some other countries to emphasize efforts to jump-start growth in the near-term even if that meant less emphasis on deficit reduction.

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