HIGHLIGHTS - Leaders comments on G20 communique
WASHINGTON (Reuters) - Leaders of advanced and major developing countries agreed on Saturday to act rapidly to restart growth, regulate finance and give emerging markets more say in running the world economy.
Below are comments they made after the Group of 20 released its communique on financial markets and the world economy.
JAPANESE PRIME MINISTER TARO ASO
- On creating a new order: "It is the worst crisis in 100 years but the crisis could be a chance at the same time. History tells us that when we overcome crisis, a new order is created. We should not be just flustered by the crisis. The crisis in 1929 led to the outcome (that it did) because we were flustered. But it is different this time because we have a framework for cooperation."
- On IMF resources: "I have said that I would welcome similar offers of loans to the IMF from countries with big foreign reserves such as oil-producing countries and China, but they did not comment on this at the meeting. But China does not usually offer immediate reaction at these kinds of meetings and rather they will usually bring proposals back home to discuss before making comments or signing deals. So, no comment from them at this time does not mean they will not join us. So I hope they will join eventually."
SENIOR U.S. ADMINISTRATION OFFICIALS
- On fiscal action: "There was a great deal of discussion around this within the context of a lot of fiscal action (that) has been taken by a number of countries just in the last two weeks."
"What became very clear in the course of the discussion is despite the fact that we're all coming together and all being affected by this crisis in very significant ways, everybody is at a different stage in terms of what they're dealing with ... there was a recognition that fiscal measures and pro-growth policies as a general proposition are a very important part of the response and a number of countries are in different stages of thinking about how to do that and there was an emphasis placed on ensuring that stimulus was true stimulus in the sense that it had a near-term impact."
- On next G20 summit: "There will be another meeting of leaders by the end of April ... There was no discussion about who would be attending the next meeting. The assumption of course is that ... the leaders of the G20 would be there, but whether there would be additional leaders, that would be open for discussion." Continued...
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