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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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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln