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G20 Summit concludes with firm fiscal targets

06-28-2010 10:49 BJT Special Report: Hu Visits Canada, Attends G20 Summit |

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World economic leaders gave a final commitment as the G-20 wrapped up in Toronto. The leaders say the G-20's highest priority is to safeguard and strengthen recovery, lay the foundation for strong, sustainable and balanced growth, and strengthen international financial systems against risk.

On financial sector reforms, participants welcomed the European Stabilization Mechanism and Facility, and the recent U.S. financial reform bill. The G-20 summit declaration highlighted the importance of reforming international financial institutions, including the World Bank and the International Monetary Fund.

The Toronto summit reiterated the importance of anti- protectionism and free trade. G-20 leaders promised to keep their markets open to trade and investment opportunities.

Editor:Xiong Qu |Source:

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