The world's financial leaders will renounce competitive devaluations and warn against exchange rate volatility, a draft statement seen by Reuters showed, but they have not yet found a common stance on trade and protectionism.
The draft communique of the finance ministers and central bank governors of the world's 20 biggest top economies, which may still change and is to published only on Saturday, also said that monetary policy will keep supporting growth and price stability but cannot alone lead to balanced economic growth.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.