G20 Strengthen Capacity to Overcome Crisis

As a contribution to a more structured approach, the G20 agreed to further strengthen the global financial safety net, in which national governments, central banks, regional financial arrangements and international financial institutions will act according to and within their respective mandates.

The G20 agreed to continue these efforts through to completion. G20 to realize that the central bank plays a major role in overcoming the liquidity shocks in the global and regional levels, as indicated by recent improvements in regional swap lines such as in East Asia.

The G20 agreed on general principles for cooperation between the IMF and Regional Financial Arrangement, which will strengthen crisis prevention and resolution efforts.

As a contribution to a structured approach and to build instruments and existing facilities, the G20 supports IMF in promoting Precautionary and Liquidity Line (PLL) new.

This will allow the stock, on a case by case basis, short-term liquidity increased and more flexible to countries with stronger policies and fundamentals in the face of external shocks, including systemic shocks.

The G20 also supports the IMF in filing a single facility for providing emergency non-concessional financing for emergency needs such as natural disasters, emergency situations in fragile states and post-conflict, as well as events that disturb others. The G20 called on the IMF to quickly discuss and resolve the two proposals.

G20 welcomed the comprehensive plan and urged the expansion of the euro area and rapid implementation, including the reform of the state. G20 welcomed the euro area's determination to bring the full resources and the institutional capacity to support the restoration of confidence and financial stability, and ensuring the functioning of money and financial markets with precise.

G20 will ensure continuous IMF has the resources to play a systemic role for the benefit of the entire membership, and to build substantial resources that have been mobilized since London (the G20 summit in London, 2009, red).

G20 is ready to ensure that additional resources can be mobilized on time and asked finance ministers at their next meeting to hold a variety of options, including bilateral contributions to the IMF, SDRs, and voluntary contributions to a special structure of the IMF. G20 will immediately implement the reforms of 2010 and the full quota of IMF governance.