Ottawa, February 13, 2013
Archived - Canada Focused on Jobs and Growth at G-20 Meeting in Moscow
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The Honourable Jim Flaherty, Minister of Finance, will be in Moscow this week for the first meeting of the Group of Twenty (G-20) Finance Ministers and Central Bank Governors in 2013 under Russia’s presidency.
“The priority of the G-20 is to work together to achieve strong, sustained and balanced growth,” said Minister Flaherty. “Global growth has been weaker than expected, and we will need to work together to reduce uncertainty and build confidence by following through on our commitments and ensuring that policy settings are supportive of growth.”
Discussions will focus on efforts to balance debt reduction with job creation and sustainable growth amid continuing global economic uncertainty.
“It remains critical for our actions to be anchored in robust medium-term fiscal plans,” continued Minister Flaherty. “For our part, Canada is well on its way to meeting its G-20 fiscal commitments and is focused on job creation and returning to balanced budgets by the end of this Parliament.”
G-20 Finance Ministers and Governors will discuss the appropriate policies needed in light of weaker-than-expected global growth. Continued cooperation among the G-20 is necessary to build on some initial signs of improvement in business and investor confidence. Discussions will also cover progress on a wide range of financial sector reforms, the continued strengthening of the international financial system and the impacts of commodity price volatility.Canada will continue its leadership role as co-chair of the Working Group on the G-20 Framework for Strong, Sustainable and Balanced Growth. This group is tasked with providing policy advice to ministers and governors and developing the principal action plan for endorsement by G-20 leaders at their summit in St. Petersburg in September.
For further information, media may contact:
Office of the Minister of Finance
Department of Finance