G20 Finance Ministers and Central Bank Governors Meet in Paris

On February 18-19, a meeting of the G20 Finance Ministers and Central Bank Governors was held in Paris to address ongoing global financial and economic challenges. This initial meeting acknowledged that although the global economy has seen a certain level of recovery, there are still challenges and pitfalls to overcome in order to achieve the G20 mandate of improved economic growth and development.

The meeting focused on the need to rectify large international imbalances, such as public and private debt and misalignment of exchange rates. Also addressed was the issue of volatile agricultural commodity prices. International organizations were called upon to investigate the causes and effects of such volatility, as well as to suggest potential mitigation strategies.

Read the full communiqué.