G20 meeting seeks to boost global economic growth

A Group of 20 (G20) meeting continued here Tuesday as finance ministers and central bank chiefs were trying to find a way to tackle the slack global economic growth.

The two-day meeting kicked off Monday under Turkey's presidency for the first time in 2015.

Finance ministers and central bankers are tasked with coordinating actions to boost global economic growth.

Structural reforms figure high on the agenda of the meeting despite the fact that the G20 members have vowed to work on some 1,000 reform items.

In a speech, Turkish Deputy Prime Minister and Finance Minister Ali Babacan said that when the committed reforms are implemented, there will be two percent growth in the global economy by 2018, Xinhua news agency reported.

Two other important topics on the agenda are investment and inclusiveness.

Babacan stressed that his country would give special emphasis on infrastructure investment in a bid to promote the growth.

The meeting is being attended by all G20 member states. Turkey also invited Azerbaijan together with Malaysia.

--IANS/EFE

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