WCSG News

World finance officials seek ways to boost growth - Apr 19th, 2013 - International

— World finance leaders are searching for ways to promote better economic growth and stronger job creation while avoiding a dangerous slide into a global currency war.

Finance ministers from the Group of 20 nations are wrapping up their discussions with release of a joint communique today.

The G-20 joint statement is expected to repeat a pledge the group made at its last meeting in February that members would avoid using competitive currency devaluations to gain advantages in trade.

Treasury Secretary Jacob Lew says he will press Europe to do more to support growth. He says he will maintain pressure on Japan and China to avoid lowering the value of their currencies to boost their exports at the expense of the United States and other countries.