Led by emerging market economies, the global economy is recovering significantly faster than expected, but growth is still dependent in most advanced economies on government stimulus measures, the IMF said.
The finance ministers of G-20 nations
have agreed on a timetable for the new framework for balanced
and sustainable growth of the global economy, but made a
little progress on financing efforts to reduce global warming.
Finance chiefs from the Group of
Seven industrial powers will assemble on Saturday in Turkey for a
regular but unusually short gathering to reaffirm their
commitment to resolving global economic imbalances.
Finance Minister Pranab Mukherjee
on Monday said that G-20 countries, a club of developed and
developing nations, have agreed to continue with the stimulus
packages till the global economy fully recovers.