网易财经11月04日戛纳讯 G20戛纳峰会公告宣言今日出炉。G20领导人公报核心包括:制定全球增长和就业策略,朝一个更稳定的和富有弹性的国际货币体系,改革金融部门和加强全球市场整合,解决大宗商品价格波动和刺激农业发展,改善能源市场和推进因对全球气候变化,避免保护主义和加强多边贸易体系,应对发展挑战,加强反贪污,以及改革面向21世纪的新全球治理格局。

宣言表示,我们要重申共同合作的承诺,各国领导人已经决定振兴经济增长,创造就业岗位,确保经济稳定,促进社会融合,保证全球化满足人民的需求。为了解决目前全球经济面临的严峻挑战,我们承诺协调我们的行动和政策,各国将各尽其能。

我们同意签署经济增长和就业行动计划,来解决短期内经济脆弱的问题,加强中期经济增长基础。发达国家承诺采取措施,树立经济信心,支持经济增长,实行清晰、可信和特定的措施来实现财政稳定。

宣言指出,我们同意继续采取措施,进一步加强全球金融安全网,支持国际货币基金组织推行新的《预警与流动性额度》,提供逐项审批的基础,促进短期资金向拥有强劲政策和经济基本面面临冲击的国家流动。我们也支持国际货币基金组织推出单独的措施,向需要的成员国提供紧急援助。我们号召国际货币基金组织迅速对这些提议进行讨论并最终确定。

宣言指出,我们欢迎欧元区推出全面计划,尽快阐述观点,推行具体措施,包括国家金融改革方案。我们欢迎欧元区提出调动全面资源和能力来重建经济信心和金融稳定的决定,确保货币功能和金融市场的正常运行。

宣言声明称,将确保国际货币基金组织继续起到协调作用来帮助成员国,建立2009年伦敦峰会我们已经确定的持续性资源。我们准备确保能够及时调动额外资源,请求各国财政部长在下次会议上部署各种方案,包括对国际货币基金组织特别提款权的双边贡献,希望各国对国际货币基金组织的特殊部门有所贡献,比如管理账户。我们也将敦促国际货币基金组织实现2010年的全部配额和监管改革。

以下是公告全文

G20领导人戛纳宣言

全球经济增长和就业策略

1. 我们G20领导人于2011113日至4日在戛纳召开了峰会。

2.自从上次会晤以来,全球经济复苏日渐疲软,尤其是发达国家经济萧条,失业率达到经济难以承受的水平。在这种背景下,金融市场面临的压力与日俱增,主要是欧元区债务危机导致;目前有迹象表明新兴市场经济增长有所放缓。大宗商品价格波动导致风险日益加大。全球经济持续不平衡。

3. 今天,我们要重申共同合作的承诺,各国领导人已经决定振兴经济增长,创造就业岗位,确保经济稳定,促进社会融合,保证全球化满足人民的需求。

4.为了解决目前全球经济面临的严峻挑战,我们承诺协调我们的行动和政策,各国将各尽其能。

5. 我们同意签署经济增长和就业行动计划,来解决短期内经济脆弱的问题,加强中期经济增长基础。

发达国家承诺采取措施,树立经济信心,支持经济增长,实行清晰、可信和特定的措施来实现财政稳定。我们欢迎欧洲各国领导人在20111026日作出的决定,他们决定维持希腊债务的可持续性,加强欧洲银行监管,建立避免危机蔓延的防火墙,为欧元区强有力的经济管理改革奠定基础,要求欧洲各国迅速采取措施。我们支持意大利在欧盟峰会中提出的措施,同意欧盟委员会的监管细则。在这种背景下,我们欢迎意大利同意国际货币基金组织按季度对该国推行的政策进行公开监督。

考虑到各国国情,财政状况表现强劲的国家承诺采取自动稳定经济政策,如果经济状况有所恶化,需要采取切实措施来支持国内需求。拥有大量经常项目盈余的国家承诺进行金融改革,增加国内需求,应对汇率弹性问题。

我们承诺进一步加强改革,提高各国生产。

货币政策将在中期内保持价格稳定,继续支持经济复苏。

6.我们决定加强社会层面的全球化进程。我们坚信,就业率和社会融合将成为各国行动政策的核心,恢复经济增长和经济信心。我们决定设立G20特别小组,把青年就业率作为首要目标。我们承认各国社会保护措施的重要性,根据国情而有所不同。我们鼓励国际劳工组织继续推行对八个核心公约的认可和实施,确保就业的基本原则和权益。

7. 我们坚信社会对话的重要性,欢迎G20工商峰会和G20劳工会议的成果和联合声明。

建立更稳定和富有弹性的国际货币体系

8. 我们在国际货币体系改革方面取得了进步,致力于建立更有代表性、更稳定和更有弹性的国际货币体系。我们同意采取一系列行动和原则,将有助于金融一体化获得收益,提高应对资本流动的能力。这些措施包括我们达成的一致结论,监管资本流动,国际货币基金组织和区域金融组织的合作原则,本国货币债券市场的行动计划。我们同意一篮子货币特别提款权应该继续反映各种货币在全球贸易和金融体系中的作用。特别提款权的分配应该依据现有的标准,我们请求国际货币基金组织进一步澄清这些标准。为了适应货币不断变换的角色和特性, 一篮子货币特别提款权的份额将在2015年得到修订,让各国货币满足特别提款权一篮子货币的现有标准。我们承诺进一步推动国际货币基金组织综合、公平和有效的监管,加强管理,解决溢出效应。我们将继续努力,加强金融监管,我们承认双边和多边监管需要更好的整合,我们希望国际货币基金组织在明年初提出新的监管整合方案,增加所有权和控制措施。

9. 我们重申加快推行市场导向性汇率体系的承诺,加强汇率弹性,反映经济基本面的情况,避免固定汇率造成经济失调,防止货币竞争性贬值。我们决定采取措施,进行与经济增长和就业行动计划相关的汇率改革,解决短期经济脆弱的问题,重新确立金融稳定,加强短期内经济增长基础。我们的行动将有助于解决全球流动性和资本流动带来的严峻挑战,从而进一步为汇率改革提供方便,减少过多的外汇储备。

10. 我们同意继续采取措施,进一步加强全球金融安全网,支持国际货币基金组织推行新的《预警与流动性额度》,提供逐项审批的基础,促进短期资金向拥有强劲政策和经济基本面面临冲击的国家流动。我们也支持国际货币基金组织推出单独的措施,向需要的成员国提供紧急援助。我们号召国际货币基金组织迅速对这些提议进行讨论并最终确定。

11. 我们欢迎欧元区推出全面计划,尽快阐述观点,推行具体措施,包括国家金融改革方案。我们欢迎欧元区提出调动全面资源和能力来重建经济信心和金融稳定的决定,确保货币功能和金融市场的正常运行。

我们将确保国际货币基金组织继续起到协调作用来帮助成员国,建立2009年伦敦峰会我们已经确定的持续性资源。我们准备确保能够及时调动额外资源,请求各国财政部长在下次会议上部署各种方案,包括对国际货币基金组织特别提款权的双边贡献,希望各国对国际货币基金组织的特殊部门有所贡献,比如管理账户。我们也将敦促国际货币基金组织实现2010年的全部配额和监管改革。

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改革金融部门和加强全球市场整合

12. 2008年华盛顿,我们决心确保金融市场、金融产品,和市场参与者均得到有效监管和管理。我们将履行承诺,并推动金融系统改革。

13. 我们已经就一个全面措施达成一致,所以没有金融公司能大而不倒,并且将保护纳税人参与解救的成本。金融稳定委员会今天列出了对全球系统稳定重要的金融机构名单,即G-SIFIsG-SIFIs中的金融机构将受到更严格的监管。从2016年起,将会有一个更严格的管理条例,更多的资本要求。我们准备研究对重要的非银行金融机构的监管。

14.我们已经决定启动对影子银行的监管和监督。我们将完善对市场整合和有效性的监管,包括处理高频交易和暗流动性所带来的风险。我们已委托国际证监会组织(IOSCO),评估信贷违约掉期市场的运作。我们已原则同意保障金融服务消费者的权益。

15.我们不会允许金融部门重复他们在金融危机前的行为,我们将严格监控承诺的实施,包括对银行业监管、柜台交易监管,以及补偿措施。

16.在所取得的成就的基础上,我们觉得改组金融稳定委员会(FSB),通过提高它的能力,来协调和监督金融监管议程。改革包括赋予其法人资格和更大的财政自主权。我们感谢德拉吉所作的工作,并欢迎任命加拿大央行行长马克·卡尼担任FSB主席,瑞士央行主席希尔德布兰德出任副主席。

17. 我们敦促所有司法管辖区,要遵守在税收,审慎监管和反洗钱/反恐融资领域的国际标准。如果必要的话,我们随时准备使用我们现有的应对措施。在税收领域,我们对所取得的进展表示欢迎,我们呼吁所有司法管辖区采取必要的行动, 对全球论坛(Global Forun)在审查过程中的不足之处进行复议,特别是全球论坛确定框架协议中的第11款。我们强调全面的税务资料交换的重要性,并鼓励全球论坛对其进行定义和改进而进行的工作。我们欢迎签署税务事项行政互助的多边公约,并大力鼓励其他司法管辖区加入该公约。

解决大宗商品价格波动和刺激农业发展

18.作为我们的金融监管议程的一部分,我们赞同国际证监会组织(IOSCO)的建议,改善品衍生产品市场的调控和监督。我们同意市场监管机构应获得有效的干预措施的权力,以防止市场行为过度。尤其是市场监管者应拥有并使用头寸管理权力,配合其他包括持仓限制权,对市场进行管理。

19. 促进农业生产的关键是养活世界人口。我们决定采取行动,各国农业部长们同意在20116月达成了粮食价格波动和农业行动计划框架下采取行动。特别是我们决心研究和发展农业生产力。我们已经推出了农业市场信息系统AMIS),来加强对农产品市场的透明度。改善粮食安全,我们承诺制定适当的风险管理手段和人道主义紧急情况的工具。我们决定,世界粮食计划署以人道主义目的购买的食品不会受到出口限制或缴纳额外税收。我们欢迎建立快速反应论坛,以提高国际社会的应对能力,从而协调政策,及时共同应对市场危机。

改善能源市场和推进因对全球气候变化

20 我们决定改善能源市场的职能和透明度。我们承诺增强联合石油数据库的及时性、完整性以及可靠性,并依据同样的准则建设联合燃气数据库。我们呼吁生产者和消费者之间每年举行持续性对话,磋商石油、天然气、煤炭短期和长期走势。我们要求相关机构针对价格报告机构的职能和监督提出建议。我们重申将分阶段撤掉鼓励浪费性消费的中期内低效化石燃料补贴,同时向最贫困者提供有针对性的支持。

21 我们致力于推动即将举行的德班气候大会圆满成功,并支持南非成为该会议的新任主席。我们呼吁实施坎昆协议并推动各个领域的协商,包括绿色气候基金的运作。我们讨论了国际金融机构关于气候财政的报告,并要求我们的财长继续致力于该领域,根据《联合国气候变化框架公约》提出的目标、规定和准则行事。

避免贸易保护主义并加强多边贸易机制

22 全球经济正处于紧要关头,因此借助加强多边贸易机制避免贸易保护主义非常重要。我们重申多伦多峰会上达成的一致意见,即到2013年年底前舍弃采取一切新的贸易保护主义措施,包括对出口进行限制以及与世界贸易组织准则不相符的措施以刺激出口,并要求世界贸易组织、经合组织和联合国贸发会议继续跟踪形势发展并公开发布半年报告。

23 我们支持多哈发展议程。然而,如果我们继续以过去的方式展开磋商,很明显我们将无法完成多哈发展历程。我们赞赏迄今为止取得的成果。为了提升信心,2012年我们需要采取最新且可靠的方式以作进一步的磋商,包括最不发达国家的问题,以及多哈发展议程未完成的部分。我们要求我们的部长在即将举行的部长会议上致力于推出新方法,并讨论全球化经济中多边贸易机制所面临的挑战和机遇,并在墨西哥峰会上进行陈述。

24 此外,为了建立更加有效、规则完善的贸易机制,我们支持进一步提高世界贸易组织在全球的地位,世界贸易组织应当在提高贸易关系和政策,完善争端解决机制等事项上发挥更加积极的作用。

应对发展面临的挑战 加强反贪污斗争

25 我们意识到经济震荡对最脆弱经济体的影响不一,我们承诺确保实现更具包容性以及更具弹性增长。

26 非洲之角人道主义危机说明急需加强应急力度并针对食品危机建立长期应对措施。我们支持加纳公报中提到的具体措施,扩大农业投资并削弱价格波动的影响,特别是帮助低收入国家渡过难关并保护小农户的利益。我们支持西非国家经济共同体关于将设立针对性的地区紧急人道主义粮食储备制度作为试点工程的提议,以及东盟10+3紧急大米储备库的提议。

27.我们认识到,缺乏基础设施,极大地阻碍了许多发展中国家的增长潜力,特别是非洲地区。我们支持高级别小组和多边开发银行的建议,重点突出对11个模范基础设施项目的建设,并呼吁多边发展银行与涉及的国家一道工作,以HLP标准实施项目。

28.为实现联合国千年发展目标,我们强调官方发展援助有举足轻重地位。发达国家作出的援助承诺应该履行。新兴国家将继续扩大对其他发展中国家的支持。我们也同意,随着时间的推移,需要找到新的资金来源,以满足发展需求和气候变化。我们讨论了比尔·盖茨先生强调的建立创新融资选项的提议。我们有些人已经实施或准备探索这些方案,我们承认在一些国家内的措施,通过各种途径提供资金门,包括征收金融交易税,来支持发展。

29.我们已在实施行动计划以打击腐败,促进市场整合,并支持一个更廉洁的商业环境方面取得了显著进展。我们强调需要迅速制定一个强有力的国际法律框架,通过各个国家采取措施,来防止和同腐败贪污做,和跨国贿赂做斗争,要加强国际合作,发展公共和私营部门之间的联合行动,来打击跨境腐败行为。

面向21世纪的新全球治理

30. 我们欢迎英国首相大卫-卡梅伦就全球治理所做的报告。我们同意G20应该依然保持非正式组织的身份。我们决定正式确立三头政治的格局。我们将寻求非成员组织长期有效的参与,包括联合国在内,我们欢迎这些组织对我们的工作做出贡献。

31. 我们重申G20的创立精神,就是在平等的基础上团结主要国家,促进采取行动,从而推动我们经济金融日程背后的共同政治意愿,推动相关国际机构的改革和提高工作效率。我们支持联合国粮农组织和金融稳定委员会的内部改革。我们承诺加强多边贸易体系。我们号召国际组织,尤其是联合国、世贸组织、国际劳工组织、国际货币基金组织和经济合作与发展组织,加强对话和合作,包括经济政策的社会影响,加强各方的协调。

2011121日,墨西哥将召开G20峰会。我们将于20126月在下加利福尼亚半岛的洛斯卡沃斯进行会晤。俄罗斯将主办2013G20峰会,澳大利亚将主办2014G20峰会,土耳其主办2015年峰会。我们同意,作为G20改革的一部分,在2015年后每年轮流在不同地区举行G20首脑会议,这个计划是从中国、印度尼西亚、日本和韩国等亚洲各国开始施行的

32. 我们感谢法国作为G20东道国成功主办了戛纳峰会。

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G20 Leaders Summit -- Cannes -- 3-4 November 2011

1. We, the Leaders of the G20, met in Cannes on 3-4 November 2011.

2. Since our last meeting, global recovery has weakened, particularly in advanced countries, leaving unemployment at unacceptable levels. In this context, tensions in the financial markets have increased due mostly to sovereign risks in Europe; there are also clear signs of a slowing in growth in the emerging markets. Commodity price swings have put growth at risk. Global imbalances persist.

3. Today, we reaffirm our commitment to work together and we have taken decisions to reinvigorate economic growth, create jobs, ensure financial stability, promote social inclusion and make globalization serve the needs of the people.

A global strategy for growth and jobs

4. To address the immediate challenges faced by the global economy, we commit to coordinate our actions and policies. Each of us will play their part.

5. We have agreed on an Action plan for Growth and Jobs to address short term vulnerabilities and strengthen medium-term foundations for growth.

Advanced economies commit to adopt policies to build confidence and support growth and implement clear, credible and specific measures to achieve fiscal consolidation. We welcome the decisions by European Leaders on October 26th, 2011 to restore debt sustainability in Greece, strengthen European banks, build firewalls to avoid contagion, and lay the foundations for robust economic governance reform in the Euro area and call for their swift implementation. We support the measures presented by Italy in the Euro Summit and the agreed detailed assessment and monitoring by the European Commission. In this context, we welcome Italy's decision to invite the IMF to carry out a public verification of its policy implementation on a quarterly basis.

Taking into account national circumstances, countries where public finances remain strong commit to let automatic stabilizers work and take discretionary measures to support domestic demand should economic conditions materially worsen. Countries with large current account surpluses commit to reforms to increase domestic demand, coupled with greater exchange rate flexibility.

We all commit to further structural reforms to raise output in our countries.

Monetary policies will maintain price stability over the medium term and continue to support economic recovery.

6. We are determined to strengthen the social dimension of globalization. We firmly believe that employment and social inclusion must be at the heart of our actions and policies to restore growth and confidence. We therefore decide to set up a G20 task force which will work as a priority on youth employment. We recognize the importance of social protection floors in each of our countries, adapted to national situations. We encourage the ILO to continue promoting ratification and implementation of the eight core Conventions ensuring fundamental principles and rights at work.

7. Convinced of the essential role of social dialogue, we welcome the outcomes of the B20 and L20 and their joint statement.

Towards a more stable and resilient International Monetary System

8. We have made progress in reforming the international monetary system to make it more representative, stable and resilient. We have agreed on actions and principles that will help reap the benefits from financial integration and increase the resilience against volatile capital flows. This includes coherent conclusions to guide us in the management of capital flows, common principles for cooperation between the IMF and Regional Financial Arrangements, and an action plan for local currency bond markets. We agree that the SDR basket composition should continue to reflect the role of currencies in the global trading and financial system. The SDR composition assessment should be based on existing criteria, and we ask the IMF to further clarify them. To adjust to currencies' changing role and characteristics over time, the composition of the SDR basket will be reviewed in 2015, or earlier, as currencies meet the existing criteria to enter the basket. We are also committed to further progress towards a more integrated, even-handed and effective IMF surveillance and to better identify and address spill-over effects. While continuing with our efforts to strengthen surveillance, we recognize the need for better integration of bilateral and multilateral surveillance, and we look forward to IMF proposals for a new integrated decision on surveillance early next year, and for increased ownership and traction.

9. We affirm our commitment to move more rapidly toward more market-determined exchange rate systems and enhance exchange rate flexibility to reflect underlying economic fundamentals, avoid persistent exchange rate misalignments and refrain from competitive devaluation of currencies. We are determined to act on our commitments to exchange rate reform articulated in our Action plan for Growth and Jobs to address short term vulnerabilities and restoring financial stability and strengthen the medium-term foundations for growth. Our actions will help address the challenges created by developments in global liquidity and capital flows volatility, thus facilitating further progress on exchange rate reforms and reducing excessive accumulation of reserves.

10. We agreed to continue our efforts to further strengthen global financial safety nets and we support the IMF in putting forward the new Precautionary and Liquidity Line (PLL) to provide on a case by case basis increased and more flexible short-term liquidity to countries with strong policies and fundamentals facing exogenous shocks. We also support the IMF in putting forward a single facility to fulfil the emergency assistance needs of its members. We call on the IMF to expeditiously discuss and finalize both proposals.

11. We welcome the euro area's comprehensive plan and urge rapid elaboration and implementation, including of country reforms. We welcome the euro area's determination to bring its full resources and entire institutional capacity to bear in restoring confidence and financial stability, and in ensuring the proper functioning of money and financial markets.

We will ensure the IMF continues to have resources to play its systemic role to the benefit of its whole membership, building on the substantial resources we have already mobilized since London in 2009. We stand ready to ensure additional resources could be mobilised in a timely manner and ask our finance ministers by their next meeting to work on deploying a range of various options including bilateral contributions to the IMF, SDRs, and voluntary contributions to an IMF special structure such as an administered account. We will expeditiously implement in full the 2010 quota and governance reform of the IMF.

Reforming the financial sector and enhancing market integrity

12. In Washington in 2008, we committed to ensure that all financial markets, products and participants are regulated or subject to oversight, as appropriate. We will implement our commitments and pursue the reform of the financial system.

13. We have agreed on comprehensive measures so that no financial firm can be deemed "too big to fail" and to protect taxpayers from bearing the costs of resolution. The FSB publishes today an initial list of Global systemically important financial institutions (G-SIFIs). G-SIFIs will be submitted to strengthened supervision, a new international standard for resolution regimes as well as, from 2016, additional capital requirements. We are prepared to identify systemically important non-bank financial entities.

14. We have decided to develop the regulation and oversight of shadow banking. We will develop further our regulation on market integrity and efficiency, including addressing the risks posed by high frequency trading and dark liquidity. We have tasked IOSCO to assess the functioning of Credit Default Swaps markets. We have agreed on principles to protect financial services consumers.

15. We will not allow a return to pre-crisis behaviours in the financial sector and we will strictly monitor the implementation of our commitments regarding banks, OTC markets and compensation practices.

16. Building on its achievements, we have agreed to reform the FSB to improve its capacity to coordinate and monitor our financial regulation agenda. This reform includes giving it legal personality and greater financial autonomy. We thank Mr Mario Draghi for the work done and we welcome the appointment of Mr Mark Carney, Governor of the Central Bank of Canada as Chairman of the FSB, and of Mr. Philipp Hildebrand, Chairman of the Swiss National Bank as Vice-Chairman.

17. We urge all jurisdictions to adhere to the international standards in the tax, prudential and AML/CFT areas. We stand ready to use our existing countermeasures if needed. In the tax area, we welcome the progress made and we urge all the jurisdictions to take the necessary actions to tackle the deficiencies identified in the course of the reviews by the Global Forum, in particular the 11 jurisdictions identified by the Global Forum whose framework has failed to qualify. We underline the importance of comprehensive tax information exchange and encourage work in the Global Forum to define the means to improve it. We welcome the commitment made by all of us to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and strongly encourage other jurisdictions to join this Convention.

Addressing commodity price volatility and promoting agriculture

18. As part of our financial regulation agenda, we endorse the IOSCO recommendations to improve regulation and supervision of commodity derivatives markets. We agree that market regulators should be granted effective intervention powers to prevent market abuses. In particular, market regulators should have and use formal position management powers, among other powers of intervention, including the power to set ex-ante position limits, as appropriate.

19. Promoting agricultural production is key to feed the world population. To that end, we decide to act in the framework of the Action Plan on Food Price Volatility and Agriculture agreed by our Ministers of Agriculture in June 2011. In particular, we decide to invest in and support research and development of agriculture productivity. We have launched the "Agricultural Market Information System" (AMIS) to reinforce transparency on agricultural products' markets. To improve food security, we commit to develop appropriate risk-management instruments and humanitarian emergency tools. We decide that food purchased for non-commercial humanitarian purposes by the World Food Program will not be subject to export restrictions or extraordinary taxes. We welcome the creation of a "Rapid Response Forum", to improve the international community's capacity to coordinate policies and develop common responses in time of market crises.

Improving energy markets and pursuing the Fight against Climate Change

20. We are determined to enhance the functioning and transparency of energy markets. We commit to improve the timeliness, completeness and reliability of the JODI-oil database and to work on the JODI-gas database along the same principles. We call for continued dialogue annually between producers and consumers on short medium and long-term outlook and forecasts for oil, gas and coal. We ask relevant organizations to make recommendations on the functioning and oversight of price reporting agencies. We reaffirm our commitment to rationalise and phase-out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption, while providing targeted support for the poorest.

21. We are committed to the success of the upcoming Durban Conference on Climate Change and support South Africa as the incoming President of the Conference. We call for the implementation of the Cancun agreements and further progress in all areas of negotiation, including the operationalization of the Green Climate Fund, as part of a balanced outcome in Durban. We discussed the IFIs report on climate finance and asked our Finance Ministers to continue work in this field, taking into account the objectives, provisions and principles of the UNFCCC.

Avoiding protectionism and strengthening the multilateral trading system

22. At this critical time for the global economy, it is important to underscore the merits of the multilateral trading system as a way to avoid protectionism and not turn inward. We reaffirm our standstill commitments until the end of 2013, as agreed in Toronto, commit to roll back any new protectionist measure that may have risen, including new export restrictions and WTO-inconsistent measures to stimulate exports and ask the WTO, OECD and UNCTAD to continue monitoring the situation and to report publicly on a semi-annual basis.

23. We stand by the Doha Development Agenda (DDA) mandate. However, it is clear that we will not complete the DDA if we continue to conduct negotiations as we have in the past. We recognize the progress achieved so far. To contribute to confidence, we need to pursue in 2012 fresh, credible approaches to furthering negotiations, including the issues of concern for Least Developed Countries and, where they can bear fruit, the remaining elements of the DDA mandate. We direct our Ministers to work on such approaches at the upcoming Ministerial meeting in Geneva and also to engage into discussions on challenges and opportunities to the multilateral trading system in a globalised economy and to report back by the Mexico Summit.

24. Furthermore, as a contribution to a more effective, rules-based trading system, we support a strengthening of the WTO, which should play a more active role in improving transparency on trade relations and policies and enhancing the functioning of the dispute settlement mechanism.

Addressing the challenges of development

25. Recognizing that economic shocks affect disproportionately the most vulnerable, we commit to ensure a more inclusive and resilient growth.

26. The humanitarian crisis in the Horn of Africa underscores the urgent need to strengthen emergency and long-term responses to food insecurity. We support the concrete initiatives mentioned in the Cannes final Declaration, with a view to foster investments in agriculture and mitigate the impact of price volatility, in particular in low income countries and to the benefit of smallholders. We welcome the initiative of the Economic Community of Western African States (ECOWAS) to set up a targeted regional emergency humanitarian food reserve system, as a pilot project, and the "ASEAN+3" emergency rice reserve initiative.

27. Recognizing that the lack of Infrastructure dramatically hampers the growth potential in many developing countries, particularly in Africa, we support recommendations of the High Level Panel and the MDBs and highlight eleven exemplary infrastructure projects and call on the MDBs, working with countries involved, to pursue the implementation of such projects that meet the HLP criteria.

28. In order to meet the Millennium Development Goals, we stress the pivotal role of ODA. Aid commitments made by developed countries should be met. Emerging countries will engage or continue to extend their level of support to other developing countries. We also agree that, over time, new sources of funding need to be found to address development needs and climate change. We discussed a set of options for innovative financing highlighted by Mr Bill Gates. Some of us have implemented or are prepared to explore some of these options. We acknowledge the initiatives in some of our countries to tax the financial sector for various purposes, including a financial transaction tax, inter alia to support development.

Intensifying our Fight against Corruption

29. We have made significant progress in implementing the Action Plan on combating corruption, promoting market integrity and supporting a clean business environment. We underline the need for swift implementation of a strong international legislative framework, the adoption of national measures to prevent and combat corruption and foreign bribery, the strengthening of international cooperation in fighting corruption and the development of joint initiatives between the public and the private sector.

Reforming global governance for the 21st century

30. We welcome the report of UK Prime Minister David Cameron on global governance. We agree that the G20 should remain an informal group. We decide to formalise the Troika. We will pursue consistent and effective engagement with non-members, including the UN and we welcome their contributions to our work.

31. We reaffirm that the G20's founding spirit of bringing together the major economies on an equal footing to catalyze action is fundamental and therefore agree to put our collective political will behind our economic and financial agenda, and the reform and more effective working of relevant international institutions. We support reforms to be implemented within the FAO and the FSB We have committed to strengthen our multilateral trade framework. We call on international organisations, especially the UN, WTO, the ILO, the WB, the IMF and the OECD, to enhance their dialogue and cooperation, including on the social impact of economic policies, and to intensify their coordination.

On December 1st. 2011, Mexico will start chairing the G20. We will convene in Los Cabos, Baja California, in June 2012, under the Chairmanship of Mexico. Russia will chair the G20 in 2013, Australia in 2014 and Turkey in 2015. We have also agreed, as part of our reforms to the G20, that after 2015, annual presidencies of the G20 will be chosen from rotating regional groups, starting with the Asian grouping comprising of China, Indonesia, Japan and Korea.

32. We thank France for its G20 Presidency and for hosting the successful Cannes Summit.

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