October 1, 2009 / 2:14 PM / in 8 years

G7 role is to make G20 pledges reality: Canada

OTTAWA (Reuters) -G7 finance ministers and central bank chiefs meeting in Istanbul on Saturday will try to figure out how to put into practice the commitments endorsed by the G20 leaders last month, a senior Canadian finance official said on Thursday.

The official would not speculate on whether the G7 group would issue a final communique, saying finance ministers and governors would make a decision at the meeting. Nor would he say whether Canada favors a statement on currencies at the end of the meeting.

It is very important to make adjustments to global imbalances very gradually, he said, adding that the G7 policymakers had a responsibility to flesh out how this will work in practice.

Reporting by Louise Egan; Editing by Frank McGurty

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