G20 summits
Jump to navigation
Jump to search
The G20 group of countries
The First Summit
The Washington meeting
The first communique
After a brief review of the causes of the crisis, the communique recorded agreement to:
- take whatever further actions are necessary to stabilize the financial system,
- recognize the importance of monetary policy support, where appropriate to domestic conditions,
- use fiscal measures to stimulate domestic demand while maintaining a policy framework conducive to fiscal sustainability,
- help emerging and developing economies gain access to finance through liquidity facilities and program support,
- encourage the World Bank and other multilateral development banks to use their full capacity in the areas of infrastructure and trade finance, and ensure that they have sufficient resources to continue playing their role in overcoming the crisis.