LD G20 3LST

"There is also a risk that the failure to implement
consolidation, where necessary, would undermine confidence and
hamper growth. Reflecting this balance, advanced economies
have committed to fiscal plans that will at least halve
deficits by 2013 and stabilise or reduce government
debt-to-GDP ratio," the Summit Declaration said.
On financial sector reforms, the Summit said it was
building a more resilient financial system that served the
needs of the economies, limits the build up of systemic risk
and supports stable economic growth.
"We have strengthened the global financial system by
fortifying the prudential oversight, improving risk
management, promoting transparency and reinforcing
international cooperation," it said. PTI VSC
MRD