Ottawa, February 24, 2012
Archived - G-20 Finance Ministers Meet in Mexico to Discuss Path Forward for Global Economy
Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.
The Honourable Jim Flaherty, Minister of Finance, will meet with his Group of Twenty (G-20) colleagues in Mexico City this weekend to take stock of progress being made on their shared commitment to strong, sustainable and balanced global growth. This will be the first meeting of Finance Ministers and Central Bank Governors under Mexico’s chairmanship of the G-20.
“Greater coordination by all G-20 economies continues to be important,” said Minister Flaherty. “G-20 countries must act swiftly on their commitments to address short-term vulnerabilities and strengthen medium-term foundations for growth, as Canada is already doing with our low-tax plan for jobs and growth.”
Canada is on track to meet its G-20 commitments, including its plan to return to fiscal balance while not raising taxes on Canadian families or businesses.
Ministers and Governors will discuss the implementation of the action plan agreed to by G-20 Leaders in Cannes last fall, which features commitments to meet fiscal consolidation targets and to move more rapidly toward market-determined exchange rates. In addition, they will discuss progress on a wide range of financial sector reforms.
The sovereign debt crisis in Europe will also be a key topic, with the G-20 continuing to encourage European policymakers to take the necessary actions to resolve the crisis.
For further information, media may contact:
Mary Ann Dewey-Plante
Office of the Minister of Finance
Department of Finance
To receive e-mail notification of all news releases, please register.