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imageMOSCOW: The G20 on Saturday agreed that boosting growth and jobs is the near-term priority for the global economy and said any changes to nations' monetary stimulus packages should be clearly communicated.

Finance chiefs from the G20 group of advanced and emerging nations also backed an action plan drawn up by the OECD to crack down on tax avoidance by multinationals and help replenish diminished budgets.

"We agreed that our near-term priority is to boost jobs and growth," said the final communique from their meeting in Moscow. "Future changes to monetary policy settings will continue to be carefully calibrated and clearly communicated," it added as the US Federal Reserve considers cutting its quantitative easing programme.

Copyright AFP (Agence France-Presse), 2013


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln