G20 make pledge to restore growth

News Resource BBC

Finance ministers from the G20 group of rich and emerging nations have pledged to make a "sustained effort" to pull the world economy out of recession.
"We are committed to deliver the scale of sustained effort necessary to restore growth," they said in a joint statement after their talks in the UK.
UK Chancellor Alistair Darling said they agreed the International Monetary Fund (IMF) should be given more money.

The talks were held amid reports of rifts over the best way forward.

BBC economics editor Stephanie Flanders said that the outline agreements represented "cheap talk", and differences remain.

The outline agreements will now provide the basis for more concrete pledges at next month's meeting of G20 leaders in London.
 
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