Oooooh, how very reassuring

The draft document adds:

  • G20 expects global economic growth to strengthen in 2014
  • remains vigilant in face of important risks and vulnerabilities
  • G20 nations committed to lifting and rebalancing global demand and achieving exchange rate flexibility

I reckon they’ve got quite enough flexibility right now

  • G20 “deeply disappointed” with the delay in implementing IMF quota and governance reforms agreed in 2010
  • urges the US to ratify IMF reforms at earliest opportunity
  • if IMF reforms are not ratified by year-end then IMF should develop options for next steps and schedule a discussion of those options