G-20 to weigh capital inflows, collaboration with IMF: Japan

Posted By: Pti
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Tokyo, Feb 15 (Kyodo) The Group of 20 financial chiefswill discuss this week destabilizing capital inflows toemerging market countries and collaboration with theInternational Monetary Fund to address the problem, JapaneseFinance Minister Yoshihiko Noda said today.

''''Capital inflows to emerging economies will be a new,formal agenda,'''' Noda told reporters, adding that the G-20finance ministers and central bank governors will talk aboutwhat cooperation could be possible between the group and theIMF, an international lender in Washington.

Growing capital inflows to emerging economies such asChina and Brazil, triggered by lower interest rates in thedeveloped world, have led to inflation there and are feared todestabilize the economies, with some of them taking preventivemeasures, including taxes on investment by foreigners.

The G-20 financial chiefs will meet in Paris on Fridayand Saturday, their first meeting under this year''s presidencyof France.

Also high on the agenda are the framework for strong,sustainable and balanced growth in the world, as well asproposed guidelines to coordinate the efforts by its membersto address the global trade imbalances, and the recent hikesin commodity prices, Noda said.

The G-20 groups Argentina, Australia, Brazil, Britain,Canada, China, France, Germany, India, Indonesia, Italy,Japan, Mexico, Russia, Saudi Arabia, South Africa, SouthKorea, Turkey, the United States and the European Union.


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