RUSSIA: Finance Ministers and Central Bank governors pose for a family photo on the final day of the G20 forum in Moscow

Record ID: 861925

  • Title: RUSSIA: Finance Ministers and Central Bank governors pose for a family photo on the final day of the G20 forum in Moscow
  • Date: 16th February 2013
  • Summary: MOSCOW, RUSSIA (FEBRUARY 16, 2013) (REUTERS) U.S. FEDERAL RESERVE CHAIRMAN BEN BERNANKE AND FINANCE MINISTERS WALKING INTO PRESS ROOM 'G20 MINISTERS' MEETING SIGN ON WALL INTERNATIONAL MONETARY FUND MANAGING DIRECTOR CHRISTINE LAGARDE WALKING G20 SIGN MINISTERS GATHERING, GERMAN FINANCE MINISTER WOLFGANG SCHAEUBLE IN WHEELCHAIR LAGARDE SCHAEUBLE VARIOUS OF MINISTERS LAGARDE AND WORLD BANK PRESIDENT JIM YONG KIM MINISTERS JIM YONG KIM TALKING TO U.S. UNDERSECRETARY OF THE TREASURY LAEL BRAINARD MINISTERS TAKING PHOTO VARIOUS OF MINISTERS GROUP PHOTO MINISTERS MINISTERS LEAVING PHOTO
  • Embargoed: 3rd March 2013 12:00
  • Keywords:
  • Location: Russian Federation
  • City:
  • Country: Russia
  • Topics: International Relations,Economy,Politics
  • Reuters ID: LVA8EK24ZYSY0OEM9LKJVFXM4NPN
  • Aspect Ratio:
  • Story Text: Finance Ministers and Central Bank governors posed for a family photo on the final day of the G20 forum in Moscow on Saturday (February 16).
    All in cheerful mood and with smiles on their faces, G20 leaders stood all together for a couple of minutes to pose for a formal group portrait.
    The Group of 20 nations declared an end to 'currency wars' on Saturday and agreed to prioritise efforts to restore growth before cutting debts in an indication of deep concern about the fragile global economy.
    After late-night talks, finance ministers and central bankers agreed on wording closer than expected to a joint statement issued last Tuesday (February 12) by the Group of Seven rich nations backing market-determined exchange rates.
    The communique, seen by Reuters ahead of publication, pledged to avoid competitive currency devaluations but did not single out Japan for aggressively expansive policies that have driven then yen down by 20 percent.
    The text said that monetary policy should be directed towards domestic price stability and economic recovery. It contained a commitment to credible medium-term fiscal strategy, but stopped short of setting specific goals.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2013. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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