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4/12/2014

G-20: Determined To Add Jobs, Boost Growth

WASHINGTON – Finance officials of the G-20 group of important global economies on Friday said they were determined to further strengthen the global economy, create jobs and improve longer-run growth prospects.

In a joint communique released after a meeting on the sidelines of the International Monetary Fund/World Bank spring meetings, the officials said they welcomed the prospects for global economic growth to strengthen in 2014 but are vigilant in the face of "global risks and vulnerabilities."

The officials tried to put pressure on the U.S. Congress to pass legislation key to IMF reform, saying that if the measure was not passed by year-end, they would call on the IMF to "develop options for next steps."

The statement did not specify what options might be under consideration.

foxbusiness.com

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