POTSDAM, Germany, May 19 (Xinhua) -- Global economic
growth remains robust and is becoming more balanced across regions, finance
ministers from the Group of Eight major industrial nations said on Saturday.
"Risks for the outlook have abated, but high and
volatile energy prices remain a concern and we will remain vigilant," said the
G8 ministers in a communique issued at the end of their two-day meeting in
preparation for the G8 summit early next month.
The G8 nations also pledged to "continue to pursue
sound policies to foster sustained and balanced growth and support the orderly
adjustment of global imbalances."
Related:
G8 finance ministers pledge vigilance
on hedge funds
POTSDAM, Germany, May 19 (Xinhua) -- Finance ministers
from the Group of Eight (G8) major industrial nations pledged on Saturday to be
"vigilant" on the risks of hedge funds in world financial markets, but stopped
short of designing a code of conduct as floated by Germany.
"Given the strong growth of the hedge fund industry
and the increasing complexity of the instruments they trade, we reaffirmed the
need to be vigilant," the G8 finance ministers said in a communique issued at
the end of their two-day gathering at Lake Schwielowsee near Potsdam. Full story
G8 fails to take action on aid pledges
to Africa
POTSDAM, Germany, May 19 (Xinhua) -- Barely mentioning the
topic of delivering aid pledges to Africa, finance ministers from the Group of
Eight (G8) wealthy nations on Saturday called on poor nations in Africa to
embrace "good financial governance" to tackle poverty.
In a communique issued at the end of their two-day
gathering at Lake Schwielowsee near Potsdam, finance ministers from Britain,
Canada, France, Germany, Italy, Japan, Russia and the United States said that
they strongly support efforts to increase the effectiveness and efficiency of
public financial management in Africa. Full story
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