Prior to the publication of the communiqué by G20 finance ministers and central bank governors, Brazil, Russia, India and China, also named BRIC, issued a communiqué and they sent a strong appeal that the voice and presentation of emerging markets in the international financial system should be raised.

Though the meeting only last one day, 21 finance ministers and 18 central bank governors from advanced economies such as US, Japan, Britain, Germany and France, and emerging markets including China, India and Brazil conducted tense and in-depth discussions.

In addition, Dominique Strauss-Kahn, president of Internationa lMonetary Fund; Bob Zoellick, governor of World Bank; and Joaquin Almunia, member of the EC in charge of Economic and Monetary Affairs of European Commission, also attended the discussion.

Participants agreed to give priority to strengthening the coordination of macro-economic policies of all countries, taking further action to stimulate economy and avoiding the happening of global economic recession.

Meanwhile, the meeting emphasized to realize the consensus made in Washington Summit last November in the sectors of strengthening financial supervision, improving market loyalty and speeding up the reform of international financial institutions.

(Xinhua News Agency March 15, 2009)