MEXICO CITY, Oct. 26 (Xinhua) -- The Group of 20 (G20) will encourage its members and the world to reduce economic uncertainty when their finance ministers and central bankers meet here next week, a Mexican official said on Friday.
"The G20 urges countries to take actions to reduce the atmosphere of uncertainty," Mexican Deputy Finance Minister Gerardo Rodriguez Regordosa told reporters.
G20 officials will discuss issues like bank bailouts, capitalizations of the banking sector and direct monetary transfers, Regordosa said.
Mexico currently holds the rotating presidency of the group and will host a meeting of finance ministers and central bank governors of the G20 countries on Nov. 4-5 in Mexico City.
The meeting will also invite representatives of five countries, including Spain, one of the most affected by the debt crisis in Europe.
Rodriguez said Spain is expected to report the balance sheet and the progress of its measures against the crisis at the G20 meeting.
The International Monetary Fund has cut its forecasts for global growth to 3.3 percent from 3.5 percent for 2012 and to 3.6 percent from 3.9 percent for 2013.
Rodriguez explained that one way to address the challenge of growth and jobs is to implement structural reforms.
The G20 groups Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the United States as well as the European Union.