G20 appendix on framework for sustainable growth

ST ANDREWS, Scotland (Reuters) - Following is the text of an appendix to the communique issued by finance ministers and central bank governors at their meeting in St. Andrews, Scotland.

A FRAMEWORK FOR STRONG, SUSTAINABLE AND BALANCED GROWTH:

DEVELOPING THE 'MUTUAL ASSESSMENT PROCESS'

Shared policy objectives

1. In line with the Pittsburgh commitment, G20 Finance Ministers and Central Bank Governors at their meeting in St Andrews, reaffirmed their shared objectives of strong, sustainable and balanced growth and of raising living standards in the emerging markets and developing countries.

2. The first challenge for the G20 in using the new Framework will be the transition from crisis response to a strong, more sustainable and balanced pattern of global growth.

The G20 template for 'national and regional policy frameworks' for 2010

3. Each G20 country will set out their medium-term policy frameworks, plans and projections in the agreed template on a consistent basis with other G20 members. G20 members will indicate the key forward-looking elements of their policy frameworks and plans, outline the expected first order impact of policies on the domestic economy and, more generally, their national forecasts for key economic variables.

4. They will provide the Fund with policy frameworks and plans for the next 3-5 years, if possible. Countries can submit data based on existing products, including for example national budgetary plans and Article IV inputs. Countries should fill in as much information as they can, though it is recognised that it may not be possible for all countries to fill in every piece of information in the template. G20 members should complete the template, sharing with all other G20 countries at the same time, by the end of January 2010, if possible.