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THE G20 SEOUL SUMMIT LEADERS’ DECLARATION NOVEMBER 11 – 12, 2010 Версия для печати Отправить на e-mail
Friday, 12 November 2010
По окончании встречи в верхах в Сеуле лидерами Группы 20-ти принята Декларация а также иные документы, текст которых на английском языке опубликован на официальном сайте Сеульской встречи (http://www.seoulsummit.kr/eng/boardDetailView.g20?boardDTO.board_seq=2010110000003391&boardDTO.board_category=BD02&boardDTO.menu_seq=;
NOVEMBER 11 – 12, 2010
1. We, the Leaders of the G20, are united in our conviction that by working together we can
secure a more prosperous future for the citizens of all countries.
2. When we first gathered in November 2008 to address the most severe world recession our
generation has ever confronted, we pledged to support and stabilize the global economy,
and at the same time, to lay the foundation for reform, to ensure the world would never
face such upheaval again.
3. Over the past four Summits, we have worked with unprecedented cooperation to break
the dramatic fall in the global economy to establish the basis for recovery and renewed
4. The concrete steps we have taken will help ensure we are better prepared to prevent and,
if necessary, to withstand future crises. We pledge to continue our coordinated efforts and
act together to generate strong, sustainable and balanced growth.
5. We recognize the importance of addressing the concerns of the most vulnerable. To this
end, we are determined to put jobs at the heart of the recovery, to provide social
protection, decent work and also to ensure accelerated growth in low income countries
6. Our relentless and cooperative efforts over the last two years have delivered strong results.
However, we must stay vigilant.
7. Risks remain. Some of us are experiencing strong growth, while others face high levels of
unemployment and sluggish recovery. Uneven growth and widening imbalances are
fueling the temptation to diverge from global solutions into uncoordinated actions.
However, uncoordinated policy actions will only lead to worse outcomes for all.
8. Since 2008, a common view of the challenges of the world economy, the necessary
responses and our determination to resist protectionism has enabled us to both address the
root causes of the crisis and safeguard the recovery. We are agreed today to develop our
common view to meet these new challenges and a path to strong, sustainable and
balanced growth beyond the crisis.
9. Today, the Seoul Summit delivers:
• the Seoul Action Plan composed of comprehensive, cooperative and country-specific
policy actions to move closer to our shared objective. The Plan includes our
commitment to:
- undertake macroeconomic policies, including fiscal consolidation where
necessary, to ensure ongoing recovery and sustainable growth and enhance the
stability of financial markets, in particular moving toward more marketdetermined
exchange rate systems, enhancing exchange rate flexibility to reflect
underlying economic fundamentals, and refraining from competitive devaluation
of currencies. Advanced economies, including those with reserve currencies,
will be vigilant against excess volatility and disorderly movements in exchange
rates. These actions will help mitigate the risk of excessive volatility in capital
flows facing some emerging countries;
- implement a range of structural reforms that boost and sustain global demand,
foster job creation, and increase the potential for growth; and
- enhance the Mutual Assessment Process (MAP) to promote external
sustainability. We will strengthen multilateral cooperation to promote external
sustainability and pursue the full range of policies conducive to reducing
excessive imbalances and maintaining current account imbalances at sustainable
levels. Persistently large imbalances, assessed against indicative guidelines to be
agreed by our Finance Ministers and Central Bank Governors, warrant an
assessment of their nature and the root causes of impediments to adjustment as
part of the MAP, recognizing the need to take into account national or regional
circumstances, including large commodity producers. These indicative
guidelines composed of a range of indicators would serve as a mechanism to
facilitate timely identification of large imbalances that require preventive and
corrective actions to be taken. To support our efforts toward meeting these
commitments, we call on our Framework Working Group, with technical
support from the IMF and other international organizations, to develop these
indicative guidelines, with progress to be discussed by our Finance Ministers
and Central Bank Governors in the first half of 2011; and, in Gyeongju, our
Finance Ministers and Central Bank Governors called on the IMF to provide an
assessment as part of the MAP on the progress toward external sustainability
and the consistency of fiscal, monetary, financial sector, structural, exchange
rate and other policies. In light of this, the first such assessment, to be based on
the above mentioned indicative guidelines, will be initiated and undertaken in
due course under the French Presidency.
• a modernized IMF that better reflects the changes in the world economy through
greater representation of dynamic emerging markets and developing countries. These
comprehensive quota and governance reforms, as outlined in the Seoul Summit
Document, will enhance the IMF’s legitimacy, credibility and effectiveness, making
it an even stronger institution for promoting global financial stability and growth.
• instruments to strengthen global financial safety nets, which help countries cope with
financial volatility by providing them with practical tools to overcome sudden
reversals of international capital flows.
• core elements of a new financial regulatory framework, including bank capital and
liquidity standards, as well as measures to better regulate and effectively resolve
systemically important financial institutions, complemented by more effective
oversight and supervision. This new framework, complemented by other
achievements as outlined in the Seoul Summit Document, will ensure a more
resilient financial system by reining in the past excesses of the financial sector and
better serving the needs of our economies.
• the Seoul Development Consensus for Shared Growth that sets out our commitment
to work in partnership with other developing countries, and LICs in particular, to
help them build the capacity to achieve and maximize their growth potential, thereby
contributing to global rebalancing. The Seoul Consensus complements our
commitment to achieve the Millennium Development Goals (MDGs) and focuses on
concrete measures as summarized in our Multi-Year Action Plan on Development to
make a tangible and significant difference in people’s lives, including in particular
through the development of infrastructure in developing countries.
• the Financial Inclusion Action Plan, the Global Partnership for Financial Inclusion
and a flexible SME Finance Framework, all of which will significantly contribute to
improving access to financial services and expanding opportunities for poor
households and small and medium enterprises.
• our strong commitment to direct our negotiators to engage in across-the-board
negotiations to promptly bring the Doha Development Round to a successful,
ambitious, comprehensive, and balanced conclusion consistent with the mandate of
the Doha Development Round and built on the progress already achieved. We
recognize that 2011 is a critical window of opportunity, albeit narrow, and that
engagement among our representatives must intensify and expand. We now need to
complete the end game. Once such an outcome is reached, we commit to seek
ratification, where necessary, in our respective systems. We are also committed to
resisting all forms of protectionist measures.
10. We will continue to monitor and assess ongoing implementation of the commitments
made today and in the past in a transparent and objective way. We hold ourselves
accountable. What we promise, we will deliver.
11. Building on our achievements to date, we have agreed to work further on macroprudential
policy frameworks; better reflect the perspective of emerging market
economies in financial regulatory reforms; strengthen regulation and oversight of shadow
banking; further work on regulation and supervision of commodity derivatives markets;
improve market integrity and efficiency; enhance consumer protection; pursue all
outstanding governance reform issues at the IMF and World Bank; and build a more
stable and resilient international monetary system, including by further strengthening
global financial safety nets. We will also expand our MAP based on the indicative
guidelines to be agreed.
12. To promote resilience, job creation and mitigate risks for development, we will prioritize
action under the Seoul Consensus on addressing critical bottlenecks, including
infrastructure deficits, food market volatility, and exclusion from financial services.
13. To provide broader, forward-looking leadership in the post-crisis economy, we will also
continue our work to prevent and tackle corruption through our Anti-Corruption Action
Plan; rationalize and phase-out over the medium term inefficient fossil fuel subsidies;
mitigate excessive fossil fuel price volatility; safeguard the global marine environment;
and combat the challenges of global climate change.
14. We reaffirm our resolute commitment to fight climate change, as reflected in the Leaders'
Seoul Summit Document. We appreciate President Felipe Calderón’s briefing on the
status of the UN Framework Convention on Climate Change negotiations, as well as
Prime Minister Meles Zenawi’s briefing on the report of the High-Level Advisory Group
on Climate Change Financing submitted to the UN Secretary-General. We will spare no
effort to reach a balanced and successful outcome in Cancun.
15. We welcome the Fourth UN LDC Summit in Turkey and the Fourth High-Level Forum
on Aid Effectiveness in Korea, both to be held in 2011.
16. Recognizing the importance of private sector-led growth and job creation, we welcome
the Seoul G20 Business Summit and look forward to continuing the G20 Business
Summit in upcoming Summits.
17. The actions agreed today will help to further strengthen the global economy, accelerate
job creation, ensure more stable financial markets, narrow the development gap and
promote broadly shared growth beyond crisis.
18. We look forward to our next meeting in 2011 in France, and subsequent meeting in 2012
in Mexico.
19. We thank Korea for its G20 Presidency and for hosting the successful Seoul Summit.
20. The Seoul Summit Document, which we have agreed, follows.
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