G20 Leaders Agree on Approach to Tackle Economic IssuesSource: www.export-egypt.com 11/16/2014, Location: Middle East |
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Leaders of the G20 nations have agreed at their summit meeting in Brisbane, Australia, on a number of measures to shore their economies and make them grow 2.1 percent in the coming five years.
The leaders, in their final statement, declared that they would launch an initiative to build a joint global economic infrastructure, noting that the International Monetary Fund and the Organization of Security and Cooperation in Europe (OSCE) would follow up on measures to realise this objective. They also agreed to hold a meeting at the level of energy ministers, next year -- it will be the first meeting to be held at this level on record. G20 leaders agreed on cooperation against tax evasion and supporting major financial institutions to avert recurrence of the 2008 global financial crisis. At the climatic level, they concurred on the necessity for robust action to limit gases' emissions and pollution of the environment. Speaking at a news conference at the end of the summit in Brisbane, US President Barack Obama affirmed that Washington maintained its opposition to cooperation with the Syrian regime, as part of the war against the Islamic State in Iraq and the Levant. For his part, Russian President Vladmir Putin, who left Brisbane earlier than the schedule, was quoted as rejecting the Western powers' denunciation of Moscow's role in southeastern Ukraine. |
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