G20 vows to push growth, backs India on International Monetary Fund reforms
“India’s concerns are known…there can be no compromise on the issue of terror…India’s longstanding position is that there is no good or bad terror and all forms of terrorism are unacceptable and must be fought by the global community as well as each and every country”, the source told reporters.
“Terror has no religion, nationality, race or region”.
“The fight against terrorism is a major priority for all of our countries and we reiterate our resolve to work together to prevent and suppress terrorist acts through increased global solidarity and cooperation”, it said.
All musical events, including at the official dinner on Sunday night, have been cancelled as a mark of respect for the Paris victims and Turkish state media said the already tight security at the summit was stepped up.
Feng Zhongping, vice-president of the China Institutes of Contemporary worldwide Relations, said the border policy within Europe has provided room for terrorist activities.
The coordinated terrorist attacks that killed more than 120 people in Paris are dominating the agenda as leaders of the world’s 20 biggest economies meet in Turkey.
“Global economic growth is uneven and falls short of our expectations, despite the positive outlook in a few major economies”, they said in the draft document, the final version of which is due to be released on Monday (Tuesday, NZT).
“We remain resolute to continue our collective action to lift actual and potential growth of our economies, support job creation, strengthen resilience, promote development and enhance inclusiveness of our policies”, the leaders stated in a joint communique issued at the end of the G20 Summit at this Mediterranean resort city. It was discussed in several bilateral meetings, as between US President Obama and Turkish President Recep Tayyip Erdogan. “G20 leaders have shown, in their commitments to refugees, that where there is a political will there’s a way”, said Steve Price-Thomas, a spokesman of charity Oxfam.
“Only if we full cooperate on exchange of information about suspicious transactions will be able to stop this threat effectively”, said Donald Tusk, EU Council President.
The countries’ leaders called for reforms that would assist developing countries and emerging market economies. “ISIS [Daesh] was financed by 40 countries, including a few G20 member states”, Putin said, according to the daily.
Early in November, the Organisation for Economic Co-operation and Development trimmed its forecast for global economic growth in 2015 to 2.9 and 3.3 percent in 2016, down from the previous predictions of 3 and 3.6 percent – with the worldwide Monetary Fund also making similar pessimist projections recently.
To reform the worldwide tax system, the leaders endorsed the measures under the Base Erosion and Profit Shifting (BEPS) project, and urged wide and consistent implementation.
