G-20 countries will continue stimulus packages: Pranab

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New Delhi, Sep. 7 (ANI): G-20 countries have decided to continue with the stimulus packages till the global economy is fully revived, Finance Minister Pranab Mukherjee said on Monday.

The club of finance ministers of developed and developing nations also agreed to postpone the "exit strategy" till the full recovery of the world economy.

"Most of the finance ministers, including finance ministers of some of the developed countries, agreed to the formulations that this is not the appropriate time to work out the strategy of the exit policy unless the world economy is fully revived," he told reporters here.

G-20 ministerial meeting had agreed to "continue to implement decisively our necessary financial support measures and expansionary monetary end-fiscal policies, consistent with price stability and long term fiscal sustainability, until recovery is secured".

A communiqui "has been adopted by the ministers. I do hope that the review we have made and the consensus we have arrived at will get reflected in the meeting of heads of states in Pittsburgh," Mukherjee said. (ANI)

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