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G20 summit closes with joint statement

11-12-2010 16:29 BJT Special Report:5th G20 Summit in Seoul |

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Leaders of the world's major developed and developing countries as well as international institutions wrapped up the two-day G20 Summit in Seoul with a joint statement. The G20 Seoul Summit confirmed a six-percent shift of quota shares to emerging economies in the International Monetary Fund.

South Korean President Lee Myung-bak says the Seoul Summit offers an opportunity for the G20 to further the progress made on the financial regulatory system.

The participating leaders reaffirmed their commitment to strengthening the financial regulatory system as part of their broader goal of strong and sustainable growth. They also reaffirmed market-determined exchange rate systems, and agree to enhance exchange rate flexibility. The G20 Seoul Summit, the fifth of its kind, is scheduled to end late Friday, with Seoul Declaration.

Editor:Zhang Ning |Source: CNTV

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