- G20 countries with large raw material exports may require exceptions on current account
- Nations with persistent deficits should boost savings by adopting credible fiscal aims
- Nations with perisitent surpluses need fiscal, fx policies to boost domestic growth
- Nations should refrain from fx policies designed to achieve competitive advantage
- Nations should not weaken or prevent appreciation of undervalued currencies
- Emerging economies with undervalued fx and solid reserves must adjust fx with fundamentals
- G20 advanced countries will work to cut excessive volatility and disorderly fx moves
- G20 should seek special IMF role to monitor global economic rebalancing and fx policy progress
Elsewhere G20 source says Geithner asks finance chiefs to limit current account imbalances to 4% of GDP.
