G20 calls for stepping up action against militants financing

GMT 02:49 2015 Thursday ,12 February

Arab Today, arab today G20 calls for stepping up action against militants financing

G20 meeting
Istanbul - QNA

G20 finance ministers and central bank governors have adopted a communique that calls for stepping up action against terrorist financing.
The communique was released on Tuesday at the end of a two-day meeting in Istanbul.
It calls for information sharing regarding terrorists, and compliance with the relevant international standards on the freezing of terrorist assets.
Ministers also called for the development of guidelines for anti-terrorism measures and a report by October on strengthening all counter-terrorism financing tools.
In the communique, they noted that growth in the global economy remains uneven with the euro area and Japan notably slow. They add that some emerging market economies are slowing down.
They said they will continuously review their monetary and fiscal policy settings and act decisively, if needed, to avoid the risk of stagnation. They welcomed the massive monetary easing by the Bank of Japan and the European Central Bank to support economic recovery.
However, the ministers said they should adhere to a promise not to use monetary easing as a means of lowering their own currencies.
They noted that the sharp decline in oil prices will provide some boost to global growth, but caution against its impact on the economies of oil-producing countries. They also warned that the downward pressure on prices heightens the prospects of deflation.

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