HIGHLIGHTS-IMF, World Bank 2015 spring meetings in Washington on Friday

Fri Apr 17, 2015 7:09pm EDT
 
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WASHINGTON, April 17 (Reuters) - The following are highlights of the International Monetary Fund and World Bank meetings on Friday in Washington, where finance ministers, central bankers and other top officials are gathering.

G20 COMMUNIQUE ON GLOBAL ECONOMY

"We welcome the strengthening of economic activity in some key economies, yet global growth remains moderate and is following divergent paths. Near-term prospects in advanced economies, notably the euro zone and Japan, have improved recently, while the U.S. and UK continue to record solid growth, which could support a stronger global recovery. Growth in some emerging market economies, such as in China and India, is strong, but remains uneven. Low-income developing countries continue to demonstrate strong performance.

"Risks to the global outlook are more balanced since we last met. The overall global impact of lower oil prices is estimated to be positive, with varying effects. Nonetheless, there are important challenges including volatility in exchange rates and prolonged low inflation, sustained internal and external imbalances, high public debt, and geopolitical tensions."

TURKISH DEPUTY PRIME MINISTER ALI BABACAN ON G20 VIEW OF GLOBAL MONETARY POLICIES

"Monetary policy settings should be carefully calibrated and carefully communicated to minimize spillovers."   Continued...