Ottawa, April 18, 2013
Archived - Minister Flaherty to Promote Jobs and Growth at G-20, IMF and World Bank Meetings
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The Honourable Jim Flaherty, Minister of Finance, will be in Washington, D.C., this week to attend the Spring meetings of the International Monetary Fund (IMF) and World Bank, and meet with his colleagues from the Group of Twenty (G-20) countries.
“Canada’s reputation in the global economic community remains very positive,” said Minister Flaherty. “Our solid fiscal fundamentals, strong banking sector and commitment to return to balanced budgets by 2015 have given Canada a strong voice at these meetings. The policies set out in Economic Action Plan 2013 will ensure we maintain this leadership role.”
As co-chair of the working group for the G-20 Framework for Strong, Sustainable and Balanced Growth, Canada has played an important role in advancing discussions designed to support the global economic recovery and boost job creation. Canada has been recognized for its resilience during the recovery, given the success of its Economic Action Plan for jobs, growth and long-term prosperity. Canada has had the strongest record of growth and job creation over the recovery among Group of Seven (G-7) countries.
While in Washington, Minister Flaherty will highlight the considerable progress the G-20 has made toward implementing its collective reform commitments and will emphasize that more needs to be done to reduce uncertainty and strengthen the foundations for growth. This includes the development of credible, medium-term fiscal plans, as agreed at the G-20 meeting of finance ministers in February 2013.
In an environment of ongoing global uncertainty, the IMF and World Bank play a key role in identifying risks and promoting policies that encourage shared prosperity. Minister Flaherty will encourage the IMF to continue to provide sound independent analysis and advice as part of its efforts to strengthen and promote global economic and financial stability. Further progress to advance IMF quota and governance reforms remains central to this goal.
For further information, media may contact:
Office of the Minister of Finance
Department of Finance