WASHINGTON (MNI) – The following is the second and final section of
the text of the Group of 20’s communique, issued at the conclusion of
Friday’s meeting:

8. We reiterate our call upon all countries to join the Global
Forum on transparency and to sign on the Multilateral Convention on
Mutual Assistance. We look forward to an interim report by the OECD for
the Los Cabos Summit on progress made and on a new set of reviews and on
necessary steps to improve comprehensive information exchange. We
welcome the ongoing work by the FSB on adherence to supervisory and
regulatory information exchange and cooperation standards. We support
the renewal of the FATF mandate, sustaining global efforts to combat
money laundering and the financing of terrorism and proliferation of
weapons of mass destruction.

9. As an important complement of the G20 financial regulation
agenda, we agreed to follow through on the five recommendations of the
2011 Global Partnership for Financial Inclusion report, endorsed in
Cannes, and take the financial inclusion agenda forward towards concrete
results and we agreed to present to our Leaders at the Los Cabos Summit
the G20 Basic Set of Financial Inclusion Indicators, which will assist
countries, policymakers and stakeholders in focusing global efforts on
measuring and sustainably tracking progress on access to financial
services globally. We acknowledge the efforts of those G20 and non-G20
countries willing to commit to national coordination platforms and
strategies for financial inclusion under the “G20 Financial Inclusion
Peer Learning Program” at the Los Cabos Summit as well as the ongoing
efforts and the importance of coordinated support, policy advice and
technical assistance by GPFI implementing partners, other stakeholders,
including the UN, and bilateral donors and request their continued
support to national strategic planning, implementation and data
initiatives in support of financial inclusion. On financial education we
recognize the importance and relevance of the work that the OECD, its
International Network on Financial Education (INFE), and the World Bank
have been doing in this topic and look forward for the OECD/INFE High
Level Principles on National Strategies for Financial Education to be
presented to our Leaders for their consideration at the Los Cabos
Summit. For advancing our financial consumer protection agenda we
recognize the importance of the International Financial Consumer
Protection Network (FinCoNet) as a global network of market conduct
financial authorities. We also ask the G20/OECD Task Force on financial
consumer protection to develop with the FSB effective approaches to
support the implementation of the High Level Principles endorsed in
Cannes, and recognize the importance of an active participation in this
process. We recognize the need for women to gain access to financial
services and financial education, and call for the GPFI and OECD/INFE to
identify additional barriers women may face.

10. We welcome the participation of the International Organizations
on the assessment of the macroeconomic impacts of excessive commodity
price volatility on growth and their identification of policy options
that countries could consider as per their national circumstances to
mitigate any such effects. We will report to Leaders in Los Cabos on
these policy options and their implications for our national agendas.

11. We reaffirm our commitments to enhance the transparency and
functioning of energy markets. We will work to improve the JODI-Oil
database and work on applying the same principles to JODI-Gas, and to
rationalize and phase out inefficient fossil fuel subsidies over the
medium term, while providing targeted support for the poorest, and
report on progress made to our Leaders in Los Cabos. We look forward to
the IOSCO progress report on the implementation of its Principles for
the Regulation and Supervision of Commodities Derivatives Markets at our
next meeting in November. We welcome the consultation by IOSCO on the
functioning and oversight of price reporting agencies and look forward
to an update on their emerging recommendations for leaders in Los Cabos.

12. We received the preliminary report prepared by the OECD, the
World Bank and UN on inserting green growth and sustainable development
policies into structural reform agendas and look forward for the final
version to be delivered to our Leaders. We welcome G20 countries
voluntary self-reporting on current actions to integrate green growth
and sustainable development into structural reform agendas.

13. We will continue to work on climate finance with the
establishment of a G20 study group to consider ways to effectively
mobilize resources and support the operationalization process of the
Green Climate Fund taking into account the objectives, provisions and
principles of the UNFCCC.

14. We appreciate G20 countries contributions and involvement in
promoting Disaster Risk Management (DRM), and welcome the efforts made
so far by the World Bank and OECD, with support from the UN to prepare a
compilation of country experiences to be presented to our Leaders in Los
Cabos, and towards having, by November, a voluntary framework aimed to
facilitate the assessment of risk and financial strategies towards
implementing DRM.

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** MNI Washington Bureau: 202-371-2121 **

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