G20 Communiqué Meeting of Finance Ministers and Central Bank Governors, Busan, Republic of Korea, 5 June 2010

Sectors : Financial Institutions, markets, services and microfinance, Regional cooperation and integration
Organisation : G20
Date made: 
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Commitments in: Private Sector development and financial services for the poor - Financial Institutions, markets, services and microfinance

“7. We encouraged progress on financial safety nets and acknowledged a need for national, regional and multilateral efforts to deal with capital volatility and prevent crisis contagion, as demonstrated by the recent events, and agreed to explore policy options to improve global financial safety nets, based on sound incentives. In line with this effort, we called on the IMF to make rapid progress in reviewing its lending instruments, with a view to developing and upgrading them, as appropriate.”