The G20 took "unprecedented" cooperation in anti-crisis measures, said the head of the International Monetary Fund (IMF) on Saturday.
After the meeting of G20 finance ministers and central bank governors, IMF Managing Director Dominique Strauss-Kahn praised the level of cooperation between the G20.
The global economy appears to be emerging from the worst financial and economic crisis in the post-war period, he said at a press conference.
Strauss-Kahn also emphasized much had been done by G20, but more concrete measures were needed on capital requirements for banks, cross-border issues, and compensation for financial executives.
The meeting of the finance ministers and central bank governors from the G20 was held to prepare for a summit of G20 leaders set for later in September in the U.S. city of Pittsburg.
G20 ministers said in a communique that unprecedented and concerted global policy action had arrested the decline, and financial markets were stabilizing.
(Xinhua News Agency September 6, 2009)
