Sweden's Minister For Finance Anders Borg Comments On The G20 Finance Ministers-Meeting

"We had an open discussion of the climate issue, which clarified various countries' positions on the issue. This is positive. But it is regrettable that more progress was not made on the issue", said Minister for Finance Anders Borg after the meeting with G20 finance ministers in Scotland.

The Framework for Strong, More Sustainable and Balanced Growth presented in Pittsburgh has now been given a concrete form. A timetable has been adopted. At the beginning of next year, each G20 country is to set out frameworks and programmes for its economic policy and economic forecasts. These will then form the basis for an assessment in cooperation with the IMF and other international organisations.

"In the EU, we think that the assessment of economic policy within the Framework must fully take into account the extensive economic integration in the EU in general and the euro area in particular", said Anders Borg.

Furthermore, the importance of coordinating the phase out of the extraordinary stimulus measures required during the crisis was once again emphasised.

"In this area, we in the EU are clearly in the lead, with our adoption of Council conclusions on exit strategies in the fiscal policy area", observed Minister for Finance Anders Borg.

To strengthen exit strategy credibility, G20 countries are agreed that these strategies must be communicated in a clear and transparent manner.