Posted by : Unknown Saturday, July 20, 2013


Credit: Reuters/Grigory Dukor


G20 finance ministers and central bank governors pose for a family photo as they meet in Moscow, July 20, 2013.


The statement, issued after a two-day meeting of G20 finance ministers and central bankers, also tweaked earlier wording to say the G20 was determined to "accelerate", instead of "continue", progress towards rebalancing global demand.


An earlier draft had named the United States and Japan in relation to medium-term fiscal plans - but only in brackets, indicating that the wording had not been agreed. Both countries have run large budget deficits to stimulate their economies.


(Reporting by Lidia Kelly; Writing by Douglas Busvine; Editing by Timothy Heritage)


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