本宣言為G20主辦方在洛斯卡沃斯第一時間交給網易財經。網易財經翻譯整理在國內首發，歡迎各媒體引用，並請標明來源。
網易財經6月20日洛斯卡沃斯訊 G20洛斯卡沃斯峰會公報宣言今日出爐。網易財經前方報導員第一時間拿到全文。宣言稱，20國集團成員中的歐元區要採取一切必要的政策措施，以維護該地區的完整性和穩定，提高金融市場的運作，並打破主權和銀行之間的反饋迴路。我們期待著歐元區與希臘新政府在未來工作中的良好夥伴關係，以確保他們留在歐元區內的改革和可持續發展的道路。
宣言還稱，G20成員國達成了向國際貨幣基金組織增資的承諾。承諾超過4500億美元，不包括根據2010年改革後配額的增加。這些資源將面向國際貨幣基金組織的全體成員，並沒有指定給任何特定地區。這些資源可以作為合格的儲備資產，通過雙邊貸款或票據購買協議等，已經由國際貨幣基金組織執行董事會已批准投資方式從國際貨幣基金組織總資源帳戶輸出。
宣言稱，在貨幣政策維持中期物價穩定的同時，繼續支持經濟復甦。我們將加強我們對銀行的信心，保持金融部門改革的需要的同時採取適當行動，以保障信貸渠道、全球支付和結算系統的完整性，維護我們的金融體系。健康的銀行放貸能力，是全球經濟復甦的關鍵。
宣言稱，G20重申承諾，將更快的向市場決定的利率制度前進以反映基本面，避免持久的匯率失調，避免貨幣競爭性貶值。中國承諾將讓市場力量在決定人民幣匯率中起更大的作用，並致力於匯率改革，提高匯率政策透明度。
宣言稱，在認識到有必要繼續增長為導向的政策支持需求和經濟復甦的背景下，美國將確保其公共財政的長期可持續，美國將校準其財政整頓的步伐保證2013年避免財政急劇收縮。
20國集團領導人宣言全文：
1. 我們20國集團領導人於2012年6月18日至19日在洛斯卡沃斯召開峰會。
2. 我們團結一致決定促進經濟增長和就業。
3. 上次20國集團領導人會晤後，全球經濟復甦繼續面臨一系列挑戰。金融市場出現高度緊張的局勢。從外部來看，財政和金融失衡依然普遍存在，對經濟增長、就業前景和市場信心有重大影響。顯然，全球經濟依然脆弱不堪，對世界各地人民的日常生活存在負面影響，影響到他們的就業、貿易、發展和環境。
4. 我們將共同採取行動，加強經濟復甦，解決金融市場緊張局勢。
5. 我們將共同加強需求，恢復市場信心，旨在支持經濟增長和促進金融穩定，為我們的所有公民創造高質量的就業崗位和機會。我們今天達成協調性的《洛斯卡沃斯增長和就業行動計劃》，致力於實現這些目標。
6. 20國集團的歐元區成員國將採取一切必要的政策措施，維護歐元區的完整與穩定，改善金融市場的運作，打破主權債務與銀行系統之間的反饋環路。我們期待歐元區與新一屆希臘政府協同合作，確保他們在歐元區內部進行改革和可持續發展。
7. 我們正在實施結構性和監管改革議程，加強中期經濟增長前景，建立更有彈性的金融體系。我們將繼續致力於減少經濟不平衡，加強赤字國家的公共財政穩定，實行考慮到不斷變化的經濟條件的可持續政策，在擁有龐大經常項目盈餘的國家加強內需，採取更靈活的匯率政策。
8. 儘管我們各國都面臨諸多挑戰，但是我們一致認為，在當前的環境下，多邊主義依然至關重要，是我們解決全球經濟困難最好的手段。
9.承認持續的經濟危機對發展中國家，特別是低收入國家的影響，我們將加強力度，創造更有利的發展環境，包括配套的基礎設施投資。我們的政策措施將改善世界各地的生活條件，保護弱勢群體。尤其是通過穩定全球市場，促進強勁的經濟增長，我們將對全球範圍內的發展和減少貧困產生顯著的正面影響。
支持經濟穩定和全球經濟復甦
10.強勁，可持續和平衡的增長仍然是20國集團的首要任務，它會創造更多的就業機會、增加了世界各地人民的福祉。我們致力於採取一切必要的政策措施，增強需求，支持全球經濟增長和恢復信心，解決短期和中期的風險，提高創造就業並減少失業。如洛斯卡沃斯增長與就業行動計劃「所反映的 。我們會及時落實所有的承諾，並嚴格監督執行。
11.在市場緊張壓力的背景下，20國集團中的歐元區成員採取一切必要措施，以維護該地區的完整性和穩定，提高金融市場的運作，並打破主權體和銀行之間惡性危機循環。我們歡迎歐元區的最後一次首腦會議以來作出的成就，歐盟上一次峰會支持經濟增長，確保金融穩定，促進了財政責任，這些為G20實現經濟強勁、可持續和平衡發展的框架作出了貢獻。在此背景下，我們歡迎西班牙銀行注資計劃和歐元集團支持西班牙財務重組的計劃。通過實施財政結構整合，促進增長政策，結構性改革和金融穩定措施，是實現更大的財政和經濟一體化，導致可持續借貸成本的重大步驟。即將生效的歐洲穩定機制將大大加強歐洲防火牆。我們完全支持歐元區在完成經濟和貨幣聯盟向前邁進的行動，為了這個目標，我們支持歐洲考慮朝著一個更加一體化的金融體系的具體步驟邁進。包括進行資產重組，銀行監管，存款保險等意向。歐元區成員國將通過結構性改革促進內歐元區的調整，加強在赤字國家的競爭力和促進貿易順差國的需求和經濟增長。歐洲聯盟20國集團成員已經決心向前推進，包括完成歐洲統一市場和更好地利用歐洲的金融手段，包括歐洲投資銀行（EIB），試點項目債券，和支持經濟增長的結構和凝聚力的資金，從而更有針對性的投資，就業，增長和競爭力；並同時堅持承諾實施財政整頓評估。我們期待歐元區與希臘政府在未來工作中的夥伴關係，以確保他們實施歐元區內部改革和並走上可持續發展的道路。
12.G20所有成員國將採取必要的行動來加強全球經濟增長和恢復信心。發達經濟體將確保財政整頓的步伐是適當的以支持經濟復甦，同時考慮到各國的具體情況，並根據多倫多峰會的承諾，解決中期財政可持續性問題。考慮到國情和當前的需求狀況，有財政空間的發達和新興經濟體將讓財政自動穩定運行。如果經濟條件進一步顯著惡化，有足夠的財政空間的國家將作好準備協調和實施財政行動來支持國內需求。在很多國家，對教育更高的投資，對創新、基礎建設的投資能支撐就業並且提高生產率和未來的增長。在認識到有必要繼續增長為導向的政策支持需求和經濟復甦的背景下，美國將確保其公共財政的長期可持續，美國將校準其財政整頓的步伐保證2013年避免財政急劇收縮。
13.貨幣政策將維持中期物價穩定的同時，繼續支持經濟復甦。我們將加強我們對銀行的信心,為保持金融部門改革的需要而採取適當行動，保障信貸渠道暢通和全球支付和結算系統的完整性，在中期維護我們的金融體系。一個健康有放貸能力銀行業是全球經濟復甦的關鍵。
14.G20成員將保持石油價格的變化保持警惕，並隨時準備採取進一步的行動，包括產油國實現自己承諾維持與需求相當的供應水平。我們歡迎沙烏地阿拉伯的動員準備動用備用產能隨時擴能的姿態，我們對其他大宗商品價格也將保持警覺。
15.一些新興市場現在也遇到了經濟增長放緩。作為回應這些國家要用適當的貨幣政策和財政政策的促進增長同時確保穩定。在某些情況下推出新措施，以刺激本國經濟，特別是在外部需求減弱的情況下要通過加強內需刺激經濟。
16.我們歡迎有龐大經常帳盈餘的國家增加國內需求，龐大赤字國家提高儲蓄。新興盈餘經濟體將開展進一步的行動，以提高國內消費，包括通過措施消除價格和稅收扭曲，加強社會保障機制，而發達盈餘國家或者那些私人需求相對疲軟的國家，要促進國內需求，特別是通過放鬆服務部門管制和促進投資實現。我們認識到大商品出口國的經常帳盈餘方面的特殊情況。我們重申我們的承諾，我們將更快的向市場決定的利率制度前進以反映基本面，避免持久的匯率失調，避免貨幣競爭性貶值。我們也歡迎中國的承諾，中國承諾將讓市場力量在決定人民幣匯率中起更大的作用，並致力於匯率改革，提高匯率政策透明度。
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17.所有G20成員國都提出了結構改革的承諾，來加強並支持全球需求，促進創造就業機會，促進全球再平衡和提高增長潛力。這些措施包括產品市場的改革提高競爭力，採取措施穩定住房部門、勞動力市場的改革提高競爭力和就業，加強社會安全網，推進稅制改革，提高基礎設施投資，促進各國包容性綠色增長和可持續發展。我們要求財長和央行行長考慮如何讓G20可以促進基礎設施投資，並確保提供足夠的資金用於基礎設施項目，包括建設多邊發展銀行（MDB）的資金和技術支持。
18.在所有政策領域，我們承諾儘量減少對其他國家國內政策的負面溢出效應。我們重申一個強大和穩定的國際金融體系中符合共同利益。雖然資本流動有利於接受國的經濟，我們重申過度波動資金流和匯率無序變動對經濟和金融穩定會產生不利影響。
19.在認識到在透明度和增強信用和信心可信度的重要性後，我們已批准「洛斯卡沃斯責任框架」和「增長和就業行動計劃」。這個行動框架將要求我們通報承諾政策的實施進程。我們歡迎在這個新框架下的第一責任報告出爐。我們要求財長和央行行長在2013年聖彼得堡峰會上提交第二份責任報告。
20 有質量的就業是宏觀經濟政策的核心，勞工權益、社會保障以及體面的收入水平有助於更加穩定的經濟增長，提高社會福利並減少貧困。因此，我們認可勞工與就業部長們的建議：立即通過適當的就業市場措施和培育新的工作崗位，尤其是針對年輕人和其它經濟危機中的易失業人群，來與失業鬥爭。我們再次確認我們對年輕人的承諾：為他們提供更多的有質量的工作機會以豐富他們的生活前景。我們歡迎來自G20就業特別團隊的工作，並根據部長們的建議決定將其使命延長一年。與Los Cabos增長以及就業行動計劃相協調，我們也在充分尊重基本原則和勞工權益的前提下考慮結構性改革，以提升經濟增長並創造更多就業機會。我們也承諾將加強在教育、技能培訓等方面的合作，包括實習機會以及在職培訓。這將在學校與工作之間提供成功的過渡。
21 創造工作崗位並減少失業，尤其是針對年輕人和容易受經濟危機影響的人群，是我們所有國家現在的核心議題。我們歡迎國際勞工組織、國際貨幣基金組織、經濟合作組織和世界銀行就G20國家提升就業和生活水平所做的報告，我們將繼續聚焦於加快恢復就業市場活力並減少失業。
22 我們認識到了建立國家層面的社會保護網的重要性。我們將繼續培育提高國家之間的政策一致性、協調性、合作性和信息共享以幫助低收入國家提高執行社會保護網的能力。我們希望國際組織可以幫助低收入國家鑑別哪些政策有助於他們建立穩定的社會保護網。
23 我們承諾採取具體措施削減女性參與經濟社會活動的障礙，在G20國家中為女性提供更多的經濟機會。我們再次表達我們的在所有領域促進性別平等的承諾，包括技能培訓、工資薪水、待遇和工作環境，以及關懷的責任。
24 我們要求就業部長們審視我們的計劃進程，我們歡迎與社會各界進行磋商，我們感謝B20和L20為本屆G20墨西哥峰會做出的努力。
25 我們確認旅遊業在創造工作機會、促進經濟增長和發展中發揮的作用。在承認一國對入境具有控制主權的同時，我們也將促進旅遊的簡易化以幫助增加就業、消除貧困，和全球增長。
26 我們堅定的承諾開放貿易和投資，擴展市場並抵制一切形式的貿易保護主義。這是全球經濟和就業穩步復甦的必要條件。我們特別強調開放、以規則為基礎的、透明的多邊貿易體系的重要性，並承諾維護世界貿易組織的核心地位。
27 我們確認投資對於促進經濟增長的重要性，我們承諾保持一個支持投資者的商業環境。
28 我們對於世界範圍內出現的貿易保護主義的事件深表憂慮。如我們在嘠納所做出的承諾一樣，我們再次重申我們堅決抵制一切新貿易保護措施的立場，包括新的出口限制或與WTO原則相違背的出口刺激措施。我們支持世界貿易組織、經合組織和聯合國對於貿易和投資的監管工作，並鼓勵他們加強在這些領域的工作以達成他們的使命。
29 我們認可貿易部長們在巴亞爾塔港對於世界貿易價值鏈條做出的討論，確認了他們在培育經濟增長、就業和發展方面的責任，並強調需要加強發展中國家在全球貿易價值鏈條中的參與度。我們希望WTO，經合組織和聯合國能有更多深入的相關討論，我們呼籲他們加快他們在研究全球價值鏈條上的工作，並指出價值鏈條與貿易、投資流向、就業創造，以及如何測量貿易流向，以更好的了解我們的行動如何影響我們的國家和其他國家，並在俄羅斯峰會時做出報告。
30.與坎城峰會宣言一致，我們贊成多哈發展議程並重申我們對於追求新的、可靠的貿易談判途徑來的承諾。我們將會繼續推進多哈回合的結論制定，並在特定領域的儘可能去的成果，如貿易便利化和最不發達國家的其他問題。我們敦促WTO流程化貧窮國家入世進程。
31. 我們支持加強世貿組織改進其常規業務方式，其爭端解決制度。我們也派代表就在經濟全球化下多邊貿易體制的挑戰和機遇這一問題進一步討論。
32.我們認識到有效的全球和區域安全網的重要性。我們歡迎向國際貨幣基金組織增資的承諾。這是一個包括多數成員國在的共同努力而達成的廣泛國際合作結果。承諾超過4500億美元，不包括根據2010年改革後配額的增加。這些資源將面向國際貨幣基金組織的全體成員，並沒有指定給任何特定地區。這些資源可以作為合格的儲備資產，通過雙邊貸款或票據購買協議等已經由國際貨幣基金組織執行董事會已批准投資方式從國際貨幣基金組織總資源帳戶輸出。
這方面的努力，顯示了20國集團和國際社會承諾，採取必要的步驟來維護全球金融穩定和加強國際貨幣基金組織在危機的預防和解決途徑上發揮的作用。
33.我們重申我們對於完全實現2010年的份額及於2012年國際貨幣基金組織/世界銀行年度會議達成一致的治理改革的承諾。這些改革對於提高IMF的合法性，針對性和有效性是至關重要的，並且將進一步加強基金組織監督，以確保國際貨幣基金組織有足夠的資源發揮其系統性作用。作為改革的一部分，我們致力於2013年1月前全面完成全面份額公式的審查，以解決目前公式份額的不足。至2014年1月前完成下一次配額的全面審查。
我們同意該公式應簡單，透明，與份額的多個角色相一致，達成成員廣泛接受的份額計算結果，同時在及時優質和廣泛使用的數據的基礎上實施。我們重申，份額分配應更好地反映IMF成員國在世界經濟中的相對權重。我們重申繼續保護最貧窮的成員國際貨幣基金組織中的發言權和代表性的重要性。我們要求我們的財政部長和中央銀行行長在11月會面時審查這個問題上的進展。
34.我們一致認為目前的監測框架應是顯著增強，包括通過更好的雙邊和多邊監督機制，更好地整合全球，國內和金融的穩定，包括國家政策的外溢效應。我們歡迎IMF的工作，它為擬議的綜合監測決定作出了考慮和承諾。我們強調監督匯率政策的重要性，將支持進行更多嚴格的經濟偵察活動，包括全球流動性，資本流動，資本帳戶，儲備和財政，以及可能對外部產出衝擊的貨幣和金融部門政策。我們歡迎國際基金組織正在進行的工作，它能助於加強多邊分析和加強監督的透明度。我們還認識到，政治所有權和政權交接十分鍵。我們期待著未來的國際貨幣基金組織/世界銀行年會取得實質性進展。
35.我們歡迎中期進度報告，並期待著共同年度進展報告的推出，以支持由世界銀行、區域開發銀行、國際貨幣基金組織、經合組織和國際清算銀行（BIS）共同編寫的本地貨幣債券市場的發展報告。報告定於11月提交20國集團財長和央行行長會議。這個報告對新興市場和發展中國家尤其重要，這些市場的流動性，運作效率正面臨全球金融形勢的挑戰。
金融部門改革 促進金融包容性
36.我們歡迎由金融穩定委員會（FSB）提出加強金融穩定和G20實施國家一級的監測的措施。我們致力於及時商定政策，全面和一致的實施政策，支持一個穩定和一體化的全球金融體系，以防止未來危機發生。
37.我們歡迎公開對我們所有的金融改革建議的評估，並承諾採取一切必要行動追蹤已確定實施政策，或者或執行政策困難的地區的進展情況。
38.我們尤其認識到金融穩定委員會指出的實行優先領域改革的重要性：包括巴塞爾資本和流動性框架；對全球系統性重要金融機構框架協議（G-SIFIs），決議制度，場外衍生工具的改革，影子銀行，和高管獎金制度。我們承諾在這些重要領域實現全面改革。
39.我們重申我們的承諾，所有標準化的場外衍生工具合約交易必須在交易所或電子交易平臺完成。在適當情況，2012年年底實施中央交易清算。場外衍生工具合約應向集中的信息庫提交信息，非集中清算的合同應該受更高的資本要求。我們歡迎金融穩定委員提交進度報告。目前司法管轄已經在四個方面進行了保護，已經建立了一個有彈性的中央結算制度，還需要迅速完成決策到位所需要的法律和法規保護，來滿足G20對中央結算的承諾。我們承認發展這個主要原則，以促進非集中清算的衍生品保證金成為國際一致的最低標準，並鼓勵年底前國際標準制定一個全球統一的保證金標準，以配合實施期限前其他場外衍生工具的改革和巴塞爾資本框架的實施。
40：我們歡迎巴塞爾委員會對市場風險框架基本審查的建議。
41：我們重申我們的承諾，使我們國家的決議制度與FSB有效決議制度的關鍵性相一致，以至於沒有一家銀行或金融機構因為「太大而不能倒閉」。為此，我們也支持正在進行的對恢復和決議的計劃以及具體機構跨境合作協議的細化。我們重申我們的承諾，將加強對SIFIs監督的力度和成效，並要求FSB在2012年11月二十國集團財長和央行行長會議匯報在這一領域取得的進展和成果。
42：我們對為了識別一個共同框架而制定的原則和國內系統重要性的銀行相連的政策措施所取得的進展表示歡迎和欣慰，並要求和我們的財政部長和中央銀行行長在 十一月的會議中審查其在這些領域的建議。我們繼續支持對於加強影子銀行系統的監督和調控的工作，並期待著我們的財政部長和中央銀行行長在十一月的會議中進行審查。
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43：我們呼籲加快由國家主管部門制定的，結束機械的依賴信貸評級機構，鼓勵加強透明度和信用評級機構之間的競爭的標準法則的進度。
44.我們贊同FSB關於金融交易各方的一個全球合法實體標識符（雷）系統的發展框架的建議。這是一個代表公眾利益的全球治理框架。這個雷系統將於2013年3月發布。我們要求FSB要在2012年十一月財長會議之前出臺關於該框架執行進度的報告。
45.我們歡迎FSB研究，該研究是為協調國際貨幣基金組織和世界銀行做準備的， 為新興國家和發展中國家經濟體商定的金融監管改革措施識別潛在的和不可預知的後果。我們鼓勵持續的監測分析。鼓勵FSB與發展中國家經濟體的標準制定者，國際金融機構和國家機關之間的對話，以預防和解決不可預知的後果。
46.我們贊同對FSB憲章修改的建議，即將FSB置於一個持久的，具有法人資格的，加強治理的，有寬泛財政自主權的，有可協調發展空間和金融監管政策實施的組織，同時保持與國際清算銀行的緊密聯繫。我們呼籲對建議進行全面實施並在2012年十一月國集團財長和央行行長會議之前取得實質性進展。
47.我們歡迎FSB正在進行中的堅持監管信息交流和合作標準的工作，並期待公開聲明能夠在2012年十一月財長和央行行長會議召開下取得進展。
48.在稅收方面，我們重申我們的承諾，以加強透明度和信息的深入交換。我們讚賞全球論壇報告所取得的成果，並敦促所有國家實施完全符合標準的建議，特別是在審查過程中確定13個司法管轄區的框架，不允許他們有資格進入第二階段。
49.我們支持金融行動特別工作組（FATF）的重建，從而持續開展全球範圍內打擊洗黑錢及資助恐怖主義和大規模殺傷性武器的擴散。 同時，G20成員國歡迎修訂關於打擊洗黑錢行動的標準，並期待其執行。
50. 我們對金融包容全球合作計劃（GPFI）在2011年報告中實施五項建議取得的進展表示歡迎，呼籲金融包容全球合作計劃繼續全面實施。我們認可金融包容全球合作計劃制定的20國集團基本金融包容標準。認識到中小企業在經濟發展和減少貧困方面發揮的關鍵作用，我們歡迎推出中小企業融資協議，支持發展創新模式和方法，來解決發展中國家資助中小企業面臨的具體金融挑戰和資金限制。我們歡迎即將召開的金融包容全球合作計劃會議，作為標準制定機構創造有利的監管環境，我們呼籲金融包容全球合作計劃在11月召開的20國財長和央行行長會議上公布進展。最後，我們支持正在努力創建的第四個金融包容全球合作計劃組織，這個組織把重點放在保護消費者和金融掃盲問題上。
51. 我們認可G20國家和非G20國家做出的努力，他們致力於按照「G20金融包容學習計劃」建設國家協調平臺和金融擴展戰略，鼓勵類似的措施，推動 G20創新金融包容原則的有效實施，比如承諾採取具體行動，促進發展中國家和新興國家按照《瑪雅聲明》促進金融包容，承認世界銀行集團、金融包容聯盟和其他利益相關機構正在做出的努力和支持，這些機構包括聯合國和促進金融包容性的雙邊援助機構。
52. 在金融教育領域，我們認可經合組織/國際金融教育網絡（INFE）的金融教育國家戰略高層次原則，呼籲經合組織/國際金融教育網絡和世界銀行聯合金融包容全球合作計劃，為促進金融教育提供更多的手段，在下屆峰會上公布進展報告。為了推動金融消費者保護議程，我們討論了國際金融消費者保護網絡體系(FinCoNet)，以及確保良好實施的正式章程和金融支持等問題。我們也贊同20國集團/經合組織金融消費者保護特別小組提出的行動計劃，制定有效的方法來支持金融消費者保護高層次原則的實施，期待2013年在聖彼得堡舉行的20國領導人峰會上公布最新報告。
53. 我們認識到婦女和青年獲得金融服務和金融教育的需要，要求金融包容全球合作計劃、經合組織/國際金融教育網絡和世界銀行確定他們可能面臨的障礙，呼籲下屆領導人峰會上發表進度報告。
54. 我們歡迎「墨西哥金融包容挑戰：創新解決方案」的推出，這個方案要求用創新來解決金融包容的障礙，創造有價值、經濟、安全、全面的金融服務。
加強糧食安全和應對商品價格波動
55. 2011年農業部長會議通過的《糧食價格波動和農業行動計劃》強調，到2050年要養活全球人口預計需要超過93億美元的資金，農業生產將增加50%到70%，在發展中國家要增加近100%。我們認識到，要在可持續的基礎上增加生產和生產力，同時考慮農業條件的多樣性，是當今世界面臨的最重要挑戰。在薩赫勒地區和非洲之角的危機強調，加強應對糧食缺乏的應急措施和長期對策依然是緊迫的挑戰。我們還注意到，慢性營養不良會造成一個國家人力資源的巨大流失，因此我們支持「加強營養」行動，鼓勵G20成員國更廣泛的參與。
56. 我們歡迎行動計劃和《首爾多年發展行動計劃》的糧食安全支柱取得的長足進步。我們支持本宣言所附的20國農業副部長報告此前對可持續提高農業生產力的承諾和重點建議取得的進步，這份報告包括多個國際組織的投入，得到了糧食和農業組織(FAO)與經合組織的協調，採用了B20和民間社會的其他建議。
57.為了與飢餓作鬥爭，我們承諾繼續努力採取措施，包括熱帶農業平臺、農業風險管理、GEO全球農業監測、小麥、水稻和玉米的研究、快速反應論壇、區域緊急糧食儲備、全球農業和糧食安全計劃，以及對負責任農業投資原則的支持。認識到加強透明度對減少糧食價格波動的重要貢獻，我們對農業市場信息系統（AMIS）的實施取得進展表示歡迎。我們認識到，更加穩定、可預見、穩定不變、公開透明的貿易制度，包括農業制度，在促進糧食安全方面能夠發揮關鍵作用。
58. 我們重申承諾，取消世界糧食計劃署（WFP）出於非商業人道主義目的購買糧食的出口限制和高額稅收。我們鼓勵在國家糧食安全的背景下，在土地租賃、漁業和森林的負責人治理方面實施自願準則。
59.我們強烈歡迎「農業成果」的倡議，這個倡議旨在改善窮人和弱勢群體的糧食安全，鼓勵私營部門創新，推出新農業產品和系統，限制農業領域的市場失靈。我們期待創新試點項目的推出，這些項目主要關注營養強化作物、減少收穫後廢棄物的存儲解決方案、撒哈拉以南非洲地區糧食質量技術的創新措施。我們贊同各國承諾為這項倡議的實施提供資金，鼓勵更廣泛的參與。
60.我們認識到需要一個適應氣候變化的農業。我們認識到提高水和土壤的可持續利用的重要性。對此我們支持更多地利用了現有的技術改良農業，包括土壤肥力增強，少耕和農林業保護。呼籲國際組織的提供更多科學報告，以改善並發展特別適合小型農場的耕作方式，包括使用提高農業用水效率。
61.我們認識到維持國際大宗商品市場價格穩定對全球經濟復甦的重要性。我們強調運作良好和透明對世物和金融商品市場和減少過度價格波動非常重要。我們們認識到過大的商品價格波動對所有國家產生重大影響，這將增加經濟中的不確定性和潛在妨礙穩定預算和經濟規劃的可預見性。我們認識到減輕最易導致負面效應的商品價格波動是減少貧困和促進經濟增長的一個重要組成部分。因此我們贊同G20對過度增長的商品價格對經濟負面因素的評估，各國家可以考慮的政策選擇商品價格波動的以減輕任何該負面影響。我們也承認和讚賞國際貨幣基金組織、世界銀行和聯合國貿發會議的參與和寶貴的意見。我們要求財政部長在2013年報告G20對穩定商品市場的工作。我們重申我們的承諾，我們要增強透明度和避免濫用金融商品市場，包括場外交易，市場監管當局的有效幹預的權力和適當的調控監管框架。我們期待著國際證監會組織的截至2012年11月的商品衍生產品市場上其建議執行情況的報告。
62.我們認識到能源商品的價格波動過大也是經濟不穩定的重要來源。我們將繼續致力於運轉良好，透明的能源市場。我們將繼續努力改善聯合石油數據的及時性，完整性和可靠性，並期待著明年的進度報告。我們期望國際能源論壇（IEF）改善聯合石油數據的倡議，提高石油資料庫的可靠性和透明度。在國際天然氣和煤炭市場，國際能源機構（IEA），IEF，石油輸出國組織組織提交的報告將在11月被財長討論。我們也期待著國際證監會組織的報告建議，它結合上述組織的報告(IEF, IEA and OPEC)將有助於財政制定能源措施。
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迎接發展的挑戰
63.消除貧困和實現強勁，包容性，可持續和平衡增長仍然是20國集團的發展議程的核心目標。我們重申我們對發展中國家的承諾，特別是低收入國家，並支持他們在實施國家推動政策和需要必要的優先次序。特別是千年發展目標（MDGs）規定的目標。
64.我們歡迎此前G20輪值主席國提出的發展工作小組計劃，在墨西哥峰會期間一體將關注三個方面：食品安全，基礎設施和包容性的綠色增長。我們讚賞首爾多年行動計劃取得的進展，並支持2012年發展工作小組的進展報告。我們邀請發展工作組制定可評估計劃，以供下一次峰會檢驗。
65. 基礎設施投資是經濟持續增長，減少貧困，創造就業機會的關鍵。因此我們歡迎根據多年行動計劃的建議的實施。
66.雖然認識到發展中國家的基礎設施發展項目的公共資金仍然是至關重要的，我們認為私營部門投資補充應當作為補充。我們鼓勵多邊開發銀行要繼續根據「行動計劃」的進展，並歡迎對「解決在低收入國家中的風險和回報的誤解」的報告。報告包含了重要的信息，使得我們正確感知潛在的風險，為長期在低收入國家的基礎設施投資，提供的機會。我們歡迎在發展中國家的大中城市的城市軌道交通基礎設施項目的最佳實踐報告，並支持在設置的後續行動發展工作小組的報告。
67.我們重申我們向全球發展夥伴的承諾，我們致力於「千年發展目標」，並歡迎為此作出貢獻。發展廣泛共識下自願參與發起的全球夥伴關係，包括實施第四次韓國釜山舉行的高級別論壇達成的共識。
68.我們認識到災害風險管理（DRM）策略的重要性，並更好地預防災害，保護人民和資產安全。我們讚賞世界銀行和經合組織對此的努力，在聯合國的支持，我們將投入投入和擴大參與災害風險管理。
包容性的綠色增長促進長期繁榮
69.當代人和後代人的長期發展和繁榮，需要我們超越眼前的經濟危機。我們承認讓經濟增長，環境保護和社會包容互補的重要性。這可以幫助實現我們的發展和經濟目標，同時保護環境，提高社會福祉。我們的未來取決於包括在可持續發展和消除貧困的背景下的綠色增長。包容性綠色增長不應該被被保護主義借用反對增長。
70. 我們承諾將通過適當的措施，繼續幫助發展中國家維持和加強他們的發展，包括鼓勵包容性綠色增長的舉措。我們重申我們在2012年聯合國可持續發展會議（裡約+20峰會）上關於可持續發展的承諾。我們致力於維護對包容性綠色增長的關注，作為二十國集團議程的一部分，確認裡約+20峰會和聯合國氣候變化公約（UNFCCC）的框架達成的協議。
71。氣候變化將對世界經濟產生重大影響，成本將比我們推遲額外行動更高。我們重申我們應對氣候變化的承諾，歡迎聯合國氣候變化會議第17次締約方會議的成果。我們致力於全面實施坎昆會議和德班會議的成果，與卡達協同合作，在第18次締約方會議上取得成功和平衡的成果。我們強調結構轉型的經濟體需要在中期內走向經濟又好的道路。我們歡迎G20氣候融資研究組的創造，考慮到有效調動資源的方式和符合坎昆協議的「聯合國氣候變化框架公約」的目標、規定和原則，我們邀請在11月份召開的G20財長會議上提交進度報告。我們支持綠色氣候基金的運作。
72.G20發展工作組討論了一系列廣泛的實際自願措施和行動，這些措施有可能幫助各個國家根據自身的情況和優先事項來確定可持續發展道路。我們認為，發展中國家應該能夠通過機構和機制分享知識、調動資源、建設技術，具有設計和實現包容性綠色增長戰略和政策的機構能力。我們歡迎推行綠色增長知識平臺的國際努力，將繼續探索向有關發展中國家提供適當支持的選擇。我們歡迎對包容性綠色增長提供非指定自願的政策選擇，鼓勵促進政策實施的措施。我們鼓勵進一步探索調動公共和私人資金的有效機制，為發展中國家的綠色增長提供投資，包括通過公共和私營部門的包容性綠色增長對話平臺。我們歡迎B20的綠色增長行動聯盟。
73. 我們強調，綠色增長和可持續發展對刺激長期繁榮和幸福具有很強的潛力。我們歡迎經濟合作與發展組織（OECD）、世界銀行和聯合國編寫的報告，這份報告納入了綠色增長和可持續發展政策的結構性改革議程，根據具體國情和發展水平進行研究。我們承認G20國家做出的努力，這些國家現在自願報告融入綠色增長和可持續發展的結構性改革議程行動。我們將於2013年在自願的基礎上，要求政府官員報告各國納入結構改革議程以及促進可持續發展的綠色增長措施的努力和進展。
74. 我們歡迎各國礦物燃料補貼的進度報告，我們重申對逐步取消補貼礦物燃料補貼的承諾，這些補貼鼓勵中期內的浪費型消費，為貧困人口提供有針對性的支持。我們要求各國財長在下屆領導人峰會上提出報告，確認相關的責任和透明度，為G20成員國下次會議自願審查的過程提供選擇。我們也歡迎其他已經從事這項工作的組織就礦物燃料補貼問題進行對話。
75. 我們在坎城會議上致力於促進低碳發展戰略，以優化綠色增長的潛力，確保我們各國的可持續發展。我們歡迎清潔能源和節能技術的報告，承認G20成員國通過分享國內技術部署經驗，促進技術投資的努力，
76. 我們歡迎全球海洋環境保護最佳實踐共享機制網絡的建立，期待這個網絡的成立符合坎城會議的宗旨。
加大反腐鬥爭
77. 腐敗阻礙經濟增長，威脅到市場的完整，破壞了公平競爭，扭曲了資源配置，損害了公眾信任和破壞法治。我們呼籲所有利益相關者在反腐敗鬥爭中發揮積極作用。
78. 政策實施和執法差距依然是優先考慮的事項，我們將推動首爾G20反腐敗行動計劃的全面實施取得重大進展，恪守坎城監管報告的承諾。我們重申批准和全面執行聯合國反腐敗公約的承諾，在自願基礎上積極參與經合組織反賄賂工作組。我們歡迎B20繼續參與反腐敗鬥爭，遵守審查機制的權限條款，包括私營部門和民間社會在自願基礎上參與聯合國反腐敗公約的審查過程。我們贊同G20反腐敗工作組的原則，拒絕腐敗官員和行賄分子進入我們的國家，繼續推動合作發展框架。我們贊同工作組關於針對有關官員的金融和資產披露制度原則，防止、確認和妥善管理利益衝突。
79. 我們承諾執行反腐敗法規，我們將繼續按照各國的法規，追捕那些接受或索取賄賂的罪犯以及行賄分子。為了促進G20國家和非G20國家在調查和起訴腐敗方面的國際合作，我們將發布G20國家的司法互助指南，同時發布G20司法管轄區內追蹤資產的信息。我們重申我們拒絕成為腐敗所得避風港的承諾，恢復或歸還被盜資產。
80.我們把反腐敗工作組的任務期限延長兩年到2014年底，並要求工作組編寫一份全面的行動計劃，以及第二個工作組的監測報告，並在2012年年底提交審議。
81.鑑於世界經濟的相互聯繫，G20主導的多邊合作的新典範對於解決當前和未來的挑戰非常必要。G20的非正式和靈活的特性，使其能夠促進國際經濟和金融合作，解決全球經濟所面臨的挑戰。更重要的是我們將繼續進一步改善的G20透明度和有效性，並確保它是能夠應對迫切面對的挑戰。坎城峰會已經開創了這個局面，各界峰會主席國已經制定了一系列工作方案。
82.二月在洛斯卡沃斯舉行的G20外交部部長非正式會議在，探討了如何在G20成員國如何更有效地解決全球治理面臨的主要挑戰。
83.認識到G20的決策影響深遠，我們歡迎墨西哥東道主廣泛的宣傳工作，包括G20商業會議上，勞動會議，青年G20，智庫-20。我們將繼續發展與非成員國，區域和國際組織，包括聯合國和其他組織合作。我們將本著坎城宣言一，繼續在這一領域發展。
84.我們感謝各類國際組織的參與，包括聯合國，國際貨幣基金組織，世界銀行，世界貿易組織，國際勞工組織，糧農組織，經合組織，以及民間社會組織。他們的報告和建議提供了寶貴的意見，讓G20能從可持續發展的金融監管領域不同方面做出研究。
結論
85. 我們期待G20輪值國墨西哥到11月30日期間的後續工作。2012年12月1日起俄羅斯將主持G20，我們將在俄羅斯的主持下在聖彼得堡召開下一屆峰會，我們感謝墨西哥舉辦一個成功的洛斯卡沃斯峰會。
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以下是英文版全文：
G20 Leaders Declaration
1. We, the Leaders of the G20, convened in Los Cabos on 18-19 June 2012.
2. We are united in our resolve to promote growth and jobs.
3. Since we last met, the global recovery has continued to face a number of challenges. Financial market tensions are high. External, fiscal and financial imbalances are still prevalent, having a major impact on growth and employment prospects and confidence. Clearly, the global economy remains vulnerable, with a negative impact on the everyday lives of people all over the world, affecting jobs, trade, development, and the environment.
4. We will act together to strengthen recovery and address financial market tensions.
5. We will work collectively to strengthen demand and restore confidence with a view to support growth and foster financial stability in order to create high quality jobs and opportunities for all of our citizens. We have agreed today on a coordinated Los Cabos Growth and Jobs Action Plan to achieve those goals.
6. Euro Area members of the G20 will take all necessary policy measures to safeguard the integrity and stability of the area, improve the functioning of financial markets and break the feedback loop between sovereigns and banks. We look forward to the Euro Area working in partnership with the next Greek government to ensure they remain on the path to reform and sustainability within the Euro Area.
7. We are implementing our structural and regulatory reform agenda to enhance medium-term growth prospects and build more resilient financial systems. We remain committed to reduce imbalances by strengthening deficit countries』 public finances with sound and sustainable policies that take into account evolving economic conditions and, in countries with large current account surpluses, by strengthening domestic demand and moving toward greater exchange rate flexibility.
8. Despite the challenges we all face domestically, we have agreed that multilateralism is of even greater importance in the current climate, and remains our best asset to resolve the global economy's difficulties.
9. Recognizing the impact of the continuing crisis on developing countries, particularly low income countries, we will intensify our efforts to create a more conducive environment for development, including supporting infrastructure investment. Our policy actions will improve living conditions across the globe and protect the most vulnerable. In particular, by stabilizing global markets and promoting stronger growth, we will generate significant positive effects on development and poverty reduction across the globe.
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Supporting economic stabilization and the global recovery
10. Strong, sustainable and balanced growth remains the top priority of the G20, as it leads to higher job creation and increases the welfare of people across the world. We are committed to adopting all necessary policy measures to strengthen demand, support global growth and restore confidence, address short and medium-term risks, enhance job creation and reduce unemployment, as reflected in the Los Cabos Growth and Jobs Action Plan (see Annex). We will implement all our commitments in a timely manner and rigorously monitor their implementation.
11. Against the background of renewed market tensions, Euro Area members of the G20 will take all necessary measures to safeguard the integrity and stability of the area, improve the functioning of financial markets and break the feedback loop between sovereigns and banks. We welcome the significant actions taken since the last summit by the Euro Area to support growth, ensure financial stability and promote fiscal responsibility as a contribution to the G20 framework for strong, sustainable and balanced growth. In this context, we welcome Spain’s plan to recapitalize its banking system and the Eurogroup’s announcement of support for Spain’s financial restructuring authority. The adoption of the Fiscal Compact and its ongoing implementation, together with growth-enhancing policies and structural reform and financial stability measures, are important steps towards greater fiscal and economic integration that lead to sustainable borrowing costs. The imminent establishment of the European Stability Mechanism is a substantial strengthening of the European firewalls. We fully support the actions of the Euro Area in moving forward with the completion of the Economic and Monetary Union. Towards that end, we support the intention to consider concrete steps towards a more integrated financial architecture, encompassing banking supervision, resolution and recapitalization, and deposit insurance. Euro Area members will foster intra Euro Area adjustment through structural reforms to strengthen competitiveness in deficit countries and to promote demand and growth in surplus countries. The European Union members of the G20 are determined to move forward expeditiously on measures to support growth including through completing the European Single Market and making better use of European financial means, such as the European Investment Bank (EIB), pilot project bonds, and structural and cohesion funds, for more targeted investment, employment, growth and competitiveness, while maintaining the firm commitment to implement fiscal consolidation to be assessed on a structural basis. We look forward to the Euro Area working in partnership with the next Greek government to ensure they remain on the path to reform and sustainability within the Euro Area.
12. All G20 members will take the necessary actions to strengthen global growth and restore confidence. Advanced economies will ensure that the pace of fiscal consolidation is appropriate to support the recovery, taking country-specific circumstances into account and, in line with the Toronto commitments, address concerns about medium term fiscal sustainability. Those advanced and emerging economies which have fiscal space will let the automatic fiscal stabilizers to operate taking into account national circumstances and current demand conditions. Should economic conditions deteriorate significantly further, those countries with sufficient fiscal space stand ready to coordinate and implement discretionary fiscal actions to support domestic demand, as appropriate. In many countries, higher investment in education, innovation and infrastructure can support the creation of jobs now while raising productivity and future growth prospects. Recognizing the need to pursue growth-oriented policies that support demand and recovery, the United States will calibrate the pace of its fiscal consolidation by ensuring that its public finances are placed on a sustainable long-run path so that a sharp fiscal contraction in 2013 is avoided.
13. Monetary policy will maintain price stability over the medium term while continuing to support the economic recovery. We will strengthen confidence in our banks, maintaining momentum on the financial sector reforms needed to safeguard our financial systems over the medium term while taking appropriate actions to protect credit channels and the integrity of the global payment and settlement systems. Healthy banks, with an ability to lend, are critical to the global recovery.
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14. G20 members will remain vigilant of the evolution of oil prices and will stand ready to carry out additional actions as needed, including the commitment by producing countries to continue to ensure an appropriate level of supply consistent with demand. We welcome Saudi Arabia’s readiness to mobilize, as necessary, existing spare capacity to ensure adequate supply. We will also remain vigilant of other commodity prices.
15. A number of emerging markets are now also experiencing a slowdown in growth. In response, these countries are appropriately directing monetary and fiscal policies to support growth while ensuring stability and, in some cases, introducing new measures to boost their economies, in particular through strengthening domestic demand in a context of weaker external demand.
16. We welcome progress by countries with large current account surpluses to increase domestic demand and actions by countries with large current account deficits to increase national savings. Emerging surplus economies will carry out further actions to increase domestic consumption, including by removing price and tax distortions and strengthening social safety nets, while advanced surplus economies or those with relatively weak private demand will promote domestic demand, notably through the liberalization of service sectors and the promotion of investment, including through the removal of inefficiencies. Higher national savings in countries with current account deficits will contribute to a lasting reduction in global imbalances. We recognize the special circumstances of large commodity exporters with regard to current account surpluses. We reaffirm our commitment to move more rapidly toward market-determined exchange rate systems and exchange rate flexibility to reflect underlying fundamentals, avoid persistent exchange rate misalignments, and refrain from competitive devaluation of currencies. We also welcome the commitment by China to allow market forces to play a larger role in determining movements in the Remnimbi (RMB), continue to reform its exchange rate regime, and to increase the transparency of its exchange rate policy.
17. All G20 members have put forward structural reform commitments to strengthen and sustain global demand, foster job creation, contribute to global rebalancing and increase growth potential. These include product market reforms to increase competition, measures to stabilize the housing sector, labor market reforms to boost competitiveness and employment, as well as steps to strengthen social safety nets in a way that is fiscally responsible, advance tax reform to raise productivity, increase investment in infrastructure, and promote inclusive green growth and sustainable development as appropriate to country circumstances. We ask Finance Ministers and Central Bank Governors to consider ways in which the G20 can foster investment in infrastructure and ensure the availability of sufficient funding for infrastructure projects, including Multilateral Development Banks』 (MDBs) financing and technical support.
18. In all policy areas, we commit to minimize the negative spillovers on other countries of policies implemented for domestic purposes. We reaffirm our shared interest in a strong and stable international financial system. While capital flows can be beneficial to recipient economies, we reiterate that excess volatility of financial flows and disorderly movements in exchange rates have adverse implications for economic and financial stability.
19. Recognizing the importance of transparency and accountability in reinforcing credibility and confidence, we have agreed on the Los Cabos Accountability Assessment Framework that accompanies the Growth and Jobs Action Plan. This Framework establishes the procedures we will follow to report on progress in implementing our policy commitments. We welcome the first Accountability Report under this new framework. We task our Finance Ministers and Central Bank Governors to present the second Accountability Report for the Leaders』 Summit in St. Petersburg in 2013.
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Employment and Social Protection
20. Quality employment is at the heart of our macroeconomic policies. Jobs with labor rights, social security coverage and decent income contribute to more stable growth, enhance social inclusion and reduce poverty. We therefore endorse the recommendations of our Labor and Employment Ministers to urgently combat unemployment through appropriate labor market measures and fostering the creation of decent work and quality jobs, particularly for youth and other vulnerable groups, who have been severely hit by the economic crisis. We reaffirm our commitment to youth to facilitate their access to quality jobs, which will boost their life prospects. We welcome the work of the G20 Task Force on Employment and extend its mandate for an additional year in the terms proposed by our Ministers. Consistent with the Los Cabos Growth and Jobs Action Plan, we consider that structural reforms, in full respect of the fundamental principles and rights at work, can play an important role in lifting economic growth to generate labor market opportunities, mobility and jobs. We also commit to intensify our efforts to strengthen cooperation in education, skills development and training policies, including internship and on-the-job training, which support a successful school-to-work transition.
21. Creating jobs and reducing unemployment, particularly among our youth and those most affected by the crisis, is central to all our countries. We welcome the report by the International Labour Organization (ILO), Organisation for Economic Cooperation and Development (OECD), International Monetary Fund (IMF) and World Bank on boosting jobs and living standards in G20 countries. We will continue to focus on measures to accelerate the pace of the recovery in jobs and the reduction in unemployment.
22. We recognize the importance of establishing nationally determined social protection floors. We will continue to foster inter-agency and international policy coherence, coordination, cooperation and knowledge sharing to assist low-income countries in capacity building for implementing nationally determined social protection floors. We ask international organizations to identify policy options with low-income countries on how to develop effective sustainable protection floors.
23. We commit to take concrete actions to overcome the barriers hindering women's full economic and social participation and to expand economic opportunities for women in G20 economies. We also express our firm commitment to advance gender equality in all areas, including skills training, wages and salaries, treatment in the workplace, and responsibilities in care-giving.
24. We ask our Labor Ministers to review progress made on this agenda and we welcome consultations with social partners. In this regard, we appreciate the contribution of the Business-20 (B20) and Labor-20 (L20) to the process of the G20 under the Mexican Presidency.
25. We recognize the role of travel and tourism as a vehicle for job creation, economic growth and development, and, while recognizing the sovereign right of States to control the entry of foreign nationals, we will work towards developing travel facilitation initiatives in support of job creation, quality work, poverty reduction and global growth.
Trade
26. We are firmly committed to open trade and investment, expanding markets and resisting protectionism in all its forms, which are necessary conditions for sustained global economic recovery, jobs and development. We underline the importance of an open, predictable, rules-based, transparent multilateral trading system and are committed to ensure the centrality of the World Trade Organization (WTO).
27. Recognizing the importance of investment for boosting economic growth, we commit to maintaining a supportive business environment for investors.
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28. We are deeply concerned about rising instances of protectionism around the world. Following up our commitment made in Cannes, we reaffirm our standstill commitment until the end of 2014 with regard to measures affecting trade and investment, and our pledge to roll back any new protectionist measure that may have arisen, including new export restrictions and WTO-inconsistent measures to stimulate exports. We also undertake to notify in a timely manner trade and investment restrictive measures. We uphold the inventory and monitoring work of the WTO, OECD and United Nations Conference on Trade and Development (UNCTAD) on trade and investment measures and encourage them to reinforce and deepen the work in these areas, consistent with their respective mandates.
29. We value the discussion held by our Trade Ministers in Puerto Vallarta on the relevance of regional and global value chains to world trade, recognizing their role in fostering economic growth, employment and development and emphasizing the need to enhance the participation of developing countries in such value chains. We encourage a deepening of these discussions in the WTO, UNCTAD and OECD within their respective mandates, and we call on them to accelerate their work on analyzing the functioning of global value chains and their relationship with trade and investment flows, development and jobs, as well as on how to measure trade flows, to better understand how our actions affect our countries and others, and to report on progress under Russia's Presidency.
30. In line with the Cannes Communiqué, we stand by the Doha Development Agenda mandate and reaffirm our commitment to pursue fresh, credible approaches to furthering trade negotiations across the board. We will continue to work towards concluding the Doha Round negotiations, including outcomes in specific areas where progress is possible, such as trade facilitation, and other issues of concern for least developed countries. We urge progress in streamlining WTO accession procedures for the world’s poorest countries.
31. We support strengthening the WTO through improving the way it conducts its regular business, and its dispute settlement system. We also direct our representatives to further discussions on challenges and opportunities for the multilateral trading system in a globalized economy.
Strengthening the international financial architecture
32. We recognize the importance of effective global and regional safety nets. We welcome the firm commitments to increase the resources available to the IMF. This is the result of a broad international cooperative effort that includes a significant number of countries. The commitments exceed $450 billion and are in addition to the quota increase under the 2010 Reform. These resources will be available for the whole membership of the IMF, and not earmarked for any particular region. These resources, which qualify as reserve assets, would be channeled through bilateral loans and investments such as note purchase agreements to the IMF’s General Resources Account under the modalities which have been approved by the IMF Executive Board. This effort shows the G20 and the international community’s commitment to take the steps needed to safeguard global financial stability and enhance the IMF’s role in crisis prevention and resolution.
33. We reaffirm our commitment to implement in full the 2010 Quota and Governance Reform by the agreed date of the 2012 IMF/World Bank Annual Meetings. These reforms are crucial to enhancing the IMF’s legitimacy, relevance and effectiveness, and will support efforts to further strengthen Fund surveillance and to ensure that the IMF is adequately resourced to play its systemic role. As part of these reforms, we are committed to completing the comprehensive review of the quota formula, to address deficiencies and weaknesses in the current quota formula, by January 2013 and to complete the next general review of quotas by January 2014. We agree that the formula should be simple and transparent, consistent with the multiple roles of
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quotas, result in calculated shares that are broadly acceptable to the membership, and be feasible to implement based on timely, high quality and widely available data. We reaffirm that the distribution of quotas based on the formula should better reflect the relative weights of IMF members in the world economy, which have changed substantially in view of strong GDP growth in dynamic emerging markets and developing countries. We reaffirm the importance of continuing to protect the voice and representation of the poorest members of the IMF. We ask our Finance Ministers and Central Bank Governors to review progress on this issue when they meet in November.
34. We agreed that the current surveillance framework should be significantly enhanced, including through a better integration of bilateral and multilateral surveillance with a focus on global, domestic and financial stability, including spillovers from countries』 policies. We welcome the work of the IMF to advance considerations for a proposed integrated surveillance decision and commit to support the decision process. We underscore the importance of rigorous surveillance on exchange rate policies and support a more ample coverage of surveillance activities, where relevant, including global liquidity, capital flows, capital account measures, reserve and fiscal, monetary and financial sector policies that could have an impact on external stability. We welcome the IMF’s ongoing work to produce an external sector report, which would strengthen multilateral analysis and enhance the transparency of surveillance. We also recognize that political ownership and traction is critical to effective surveillance, and that the International Monetary and Financial Committee (IMFC) has a role in facilitating the active involvement of all IMF members. We look forward to substantial progress by the next IMF/World Bank Annual Meetings.
35. We welcome the interim progress report and look forward to the joint annual progress report to support the development of local currency bond markets to be prepared by the World Bank, Regional Development Banks, IMF, OECD and the Bank of International Settlements (BIS). The full report will be presented at the November meeting of G20 Finance Ministers and Central Bank Governors. This issue is of great importance to emerging markets and developing countries, recognizing that the liquidity, efficiency and operation of these markets are being challenged by the current global financial situation.
Reforming the financial sector and fostering financial inclusion
36. We welcome the progress report by the Financial Stability Board (FSB) on taking forward the G20 commitments for strengthening financial stability and the FSB’s enhanced monitoring of implementation at the national level. We are committed to the timely, full and consistent implementation of agreed policies in order to support a stable and integrated global financial system and to prevent future crises.
37. We welcome the publication of the traffic lights scoreboard to track progress in the implementation of all our financial reform recommendations and pledge to take all necessary actions to make progress in the areas where difficulties in policy development or implementation have been identified.
38. In particular, we recognize the substantial progress to date in the priority reform areas identified by the FSB’s Coordination Framework for Implementation Monitoring (CFIM): the Basel capital and liquidity framework; the framework for global systemically important financial institutions (G-SIFIs), resolution regimes, over-the-counter (OTC) derivatives reforms, shadow banking, and compensation practices. We commit to complete work in these important areas to achieve full implementation of reforms.
39. We reaffirm our commitment that all standardized OTC derivative contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central
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counterparties by end-2012, OTC derivative contracts should be reported to trade repositories and non-centrally cleared contracts should be subject to higher capital requirements. We welcome the FSB progress report on implementation. Now that substantial progress has been achieved in the four safeguards for a resilient and efficient global framework for central clearing, jurisdictions should rapidly finalize their decision-making and put in place the needed legislation and regulations to meet the G20 commitment for central clearing. We acknowledge the progress made to develop the key principles to promote internationally consistent minimum standards for the margining of non-centrally cleared derivatives and encourage international standard setters to finalize the proposed global margin standards by the end of this year, to match the implementation deadline for other OTC derivatives reforms and for the Basel capital framework.
40. We welcome progress in implementing Basel II, 2.5 and III and urge jurisdictions to fully implement the standards according to the agreed timelines. We welcome the Basel Committee’s consultative proposals for a fundamental review of the market risk framework. We welcome the FSB’s progress report on the implementation of the principles and standards for sound compensation practices, reaffirm our commitment to ensure that these are followed and ask the FSB to continue its ongoing monitoring.
41. We reiterate our commitment to make our national resolution regimes consistent with the FSB Key Attributes of Effective Resolution Regimes so that no bank or other financial institution is 「too big to fail」. To this end, we also support the ongoing elaboration of recovery and resolution plans and institution-specific cross-border cooperation agreements for all G-SIFIs. We reiterate our commitment to strengthen the intensity and effectiveness of the supervision of SIFIs and ask the FSB to report on further progress in this area to the November 2012 G20 Finance Ministers and Central Bank Governors』 meeting.
42. We welcome progress on developing a set of principles as a common framework for the identification of, and policy measures relating to, domestic systemically important banks (D-SIBs) and ask our Finance Ministers and Central Bank Governors to review recommendations in these areas at their meeting in November. We support continuing work for the strengthening of the oversight and regulation of the shadow banking system, and look forward to our Finance Ministers and Central Bank Governors reviewing recommendations in these areas at their meeting in November. We ask the FSB in consultation with the International Association of Insurance Supervisors (IAIS) to complete their work on identification and policy measures for global systemically important insurers by April 2013. Towards reducing systemic risk, we look forward to the preparation by the FSB in consultation with International Organization of Securities Commissions (IOSCO) of methodologies to identify other systemically important non-bank financial entities by end-2012 and call on Committee on Payment and Settlement Systems (CPSS) and IOSCO to continue their work on systemically important market infrastructures. We also ask the IAIS to continue its work to develop a common framework for the supervision of internationally active insurance groups by end-2013.
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43. We call for accelerated progress by national authorities and standard setting bodies in ending the mechanistic reliance on credit ratings and encourage steps that would enhance transparency of and competition among credit rating agencies. We support continuing work to achieve convergence to a single set of high-quality accounting standards. We welcome IOSCO’s report on the functioning of the credit default swap markets and ask IOSCO to report on next steps by the November 2012 Finance Ministers and Central Bank Governors』 meeting.
44. We endorse the FSB recommendations regarding the framework for development of a global legal entity identifier (LEI) system for parties to financial transactions, with a global governance framework representing the public interest. The LEI system will be launched by March 2013 and we ask the FSB to report on implementation progress by the November 2012 Finance Ministers
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and Central Bank Governors』 meeting. We encourage global adoption of the LEI to support authorities and market participants in identifying and managing financial risks.
45. We welcome the FSB study, prepared in coordination with the IMF and the World Bank, to identify potential unintended consequences of the agreed financial regulatory reforms for Emerging Markets and Developing Economies (EMDEs). We encourage continued monitoring analysis and reporting by the FSB and dialogue among the FSB, standard-setters, international financial institutions and national authorities of EMDEs, to address material unintended consequences as appropriate without prejudice to our commitment to implement the agreed reforms.
46. We endorse the recommendations and the revised FSB Charter for placing the FSB on an enduring organizational footing, with legal personality, strengthened governance, greater financial autonomy and enhanced capacity to coordinate the development and implementation of financial regulatory policies, while maintaining strong links with the BIS. We call for a full implementation of the recommendations by our next meeting and substantial progress by the November 2012 Finance Ministers and Central Bank Governors』 meeting. We call on the FSB to continue to keep under review the structure of its representation.
47. We welcome the ongoing work by the FSB on adherence to supervisory and regulatory information exchange and cooperation standards and look forward to a further public statement on progress under the initiative ahead of the Finance Ministers and Central Bank Governors』 meeting in November 2012.
48. In the tax area, we reiterate our commitment to strengthen transparency and comprehensive exchange of information. We commend the progress made as reported by the Global Forum and urge all countries to fully comply with the standard and implement the recommendations identified in the course of the reviews, in particular the 13 jurisdictions whose framework does not allow them to qualify to phase 2 at this stage. We expect the Global Forum to quickly start examining the effectiveness of information exchange practices and to report to us and our finance ministers. We welcome the OECD report on the practice of automatic information exchange, where we will continue to lead by example in implementing this practice. We call on countries to join this growing practice as appropriate and strongly encourage all jurisdictions to sign the Multilateral Convention on Mutual Administrative Assistance. We also welcome the efforts to enhance interagency cooperation to tackle illicit flows including the outcomes of the Rome meeting of the Oslo Dialogue. We reiterate the need to prevent base erosion and profit shifting and we will follow with attention the ongoing work of the OECD in this area.
49. We support the renewal of the Financial Action Task Force (FATF) mandate, thereby sustaining global efforts to combat money laundering and the financing of terrorism and proliferation of weapons of mass destruction. G20 members also welcome the adoption of the revised FATF standards and look forward to their implementation. We welcome the progress made by FATF in identifying and monitoring high-risk jurisdictions with strategic Anti-Money Laundering/Counter-Terrorist Financing (AML/CFT) deficiencies, using AML/CFT tools in the fight against corruption, improving transparency of corporate vehicles and increasing cooperation against tax crimes, addressing the risks posed by tax havens, as well as in increasing the reach and the effectiveness of AML/CFT measures by also considering financial inclusion efforts. We look forward to the completion in 2013 of the update of the FATF assessment process for the next round of mutual evaluations.
50. We welcome the progress made by the Global Partnership for Financial Inclusion (GPFI) on implementing the five recommendations set out in its 2011 report and call on the GPFI to continue working towards their full implementation. We endorse the G20 Basic Set of financial
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inclusion indicators developed by the GPFI. Recognizing the key role that SMEs play in economic development, and poverty reduction, we welcome the launch of the SME Finance Compact that will support developing innovative models and approaches to address the specific access to finance challenges and constraints faced by developing countries with regards to SME finance. We welcome the forthcoming GPFI conference on standard setting bodies and financial inclusion as a means of helping to create an enabling regulatory environment, and we call on the GPFI to report progress to our Finance Ministers and Central Bank Governors in November. Finally, we support the ongoing effort to create a fourth GPFI subgroup that will focus on consumer protection and financial literacy issues.
51. We acknowledge the efforts of those G20 and non-G20 countries committed to national coordination platforms and strategies for financial inclusion under the 「G20 Financial Inclusion Peer Learning Program」 and encourage similar efforts to advance effective implementation of the G20 Principles for Innovative Financial Inclusion such as the commitments to concrete actions to promote financial inclusion made by developing and emerging countries under the Maya Declaration, recognizing the ongoing efforts and the support by the World Bank Group and the Alliance for Financial Inclusion, and other stakeholders including the United Nations (UN), and bilateral donors to foster financial inclusion.
52. On financial education, we endorse the OECD/International Network on Financial Education (INFE) High Level Principles on National Strategies for Financial Education, and call on the OECD/INFE and the World Bank in cooperation with the GPFI to deliver further tools to promote financial education, with a progress report to the next Summit. For advancing the financial consumer protection agenda, we take note of the discussion on the Statutes of the International Financial Consumer Protection Network (FinCoNet) and on the issues of formal structure and financial support to ensure the exchange of best practices. We also endorse the Action Plan presented by the G20/OECD Task Force on Financial Consumer Protection to develop effective approaches to support the implementation of the High Level Principles on Financial Consumer Protection, and look forward to an update report by the Leaders』 Summit in St. Petersburg in 2013.
53. We recognize the need for women and youth to gain access to financial services and financial education, ask the GPFI, the OECD/INFE, and the World Bank to identify barriers they may face and call for a progress report to be delivered by the next Summit.
54. We welcome the launch of the Mexico Financial Inclusion Challenge: Innovative Solutions for Unlocking Access, a call for innovations that address barriers to financial inclusion through the creation of valuable, affordable, secure, and comprehensive financial services.
Enhancing food security and addressing commodity price volatility
55. The Action Plan on Food Price Volatility and Agriculture adopted by the Ministers of Agriculture in 2011 underlined that to feed a world population expected to exceed 9.3 billion by 2050, agricultural production will have to increase between 50 and 70 percent, and by almost 100 percent in developing countries. We recognize that increasing production and productivity on a sustainable basis while considering the diversity of agricultural conditions is one of the most important challenges that the world faces today. The crisis in the Sahel and the Horn of Africa also underscores that strengthening emergency and long-term responses to food insecurity remains a pressing challenge. We also note that chronic malnutrition is an enormous drain on a country’s human resources, and we therefore support the Scaling Up Nutrition movement and encourage wider involvement of G20 members.
56. We welcome the considerable progress made in implementing the Action Plan and the food security pillar of the Seoul Multi-Year Action Plan on Development. We support the G20
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Agriculture Vice-Ministers』 Report annexed to this Declaration, on the progress made on previous commitments and key recommendations on sustainably increasing agricultural productivity, containing inputs from several international organizations coordinated by the Food and Agriculture Organization (FAO) and the OECD, in addition to other recommendations from B20 and civil society.
57. To fight hunger, we commit to continue our efforts on our initiatives, including the Tropical Agriculture Platform, the Platform for Agricultural Risk Management, the GEO Global Agriculture Monitoring, research initiatives for wheat, rice and corn, the Rapid Response Forum, regional emergency food reserves, the Global Agriculture and Food Security Program and support for the Principles of Responsible Agriculture Investment. Recognizing the important contribution of greater transparency to reducing food price volatility, we welcome the progress made in the implementation of the Agricultural Market Information System (AMIS). We recognize that a more stable, predictable, distortion-free, open and transparent trading system, including as regards agriculture, has a critical role to play to promote food security.
58. We reaffirm our commitment to remove export restrictions and extraordinary taxes on food purchased for non-commercial humanitarian purposes by the World Food Programme (WFP). We encourage the implementation of the Voluntary Guidelines on the Responsible Governance of Tenure of Land, Fisheries and Forests in the Context of National Food Security.
59. We strongly welcome the launch of the 「AgResults」 Initiative, aimed at improving food security for the poor and vulnerable by encouraging private sector innovation of new agricultural products and systems constrained by market failures in agriculture. We look forward to the launch of the pilot projects focused on innovations in nutrient-fortified crops, post-harvest waste-reducing storage solutions and crop quality technologies in Sub-Saharan Africa. We commend those who have already committed or signaled their intention to commit funding to this initiative and encourage broader participation.
60. We recognize the need to adapt agriculture to climate change and we recognize the importance of improving the efficiency of water and soil use in a sustainable manner. To this end, we support the development of and a greater use of available technologies, well-known practices and techniques such as soil fertility enhancement, minimum tillage and agroforestry, and call upon international organizations to provide a report on science-based options to improve the efficiency of water use in agriculture including in ways particularly suitable for small farms.
61. We recognize the importance to the global economic recovery of maintaining stability in international commodity markets. We stress the importance of well-functioning and transparent physical and financial commodities』 markets and reduced excessive price volatility to achieve food security and strong growth that is both sustainable and inclusive. We recognize that excessive commodity price volatility has significant implications for all countries, increasing uncertainty for actors in the economy and potentially hampering stability of the budgets, and predictability of economic planning. We recognize that mitigating the negative effects of commodity price volatility on the most vulnerable is an important component of reducing poverty and boosting economic growth. We therefore endorse the conclusions of the G20 report on the macroeconomic impacts of excessive commodity price volatility on growth and its identification of policy options that countries could consider, taking account of national circumstances to mitigate any such effect. We also acknowledge and appreciate the participation and valuable inputs of the IMF, World Bank and UNCTAD. We ask our Finance Ministers to report in 2013 on progress on the G20’s contribution to facilitate better functioning of these physical markets, taking note of possible areas of further work outlined in the report. We reaffirm our commitment to enhance transparency and avoid abuse in financial commodity markets, including OTC, with effective intervention powers for market regulators and authorities and an appropriate regulation and
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supervisory framework. In this regard we look forward to IOSCO’s report on the implementation of its recommendations on commodity derivatives markets by November 2012.
62. We recognize that excessive price volatility in energy commodities is also an important source of economic instability. We remain committed to well-functioning and transparent energy markets. We will continue to work to improve the timeliness, completeness and reliability of JODI-Oil and look forward to a progress report next year. We will work on the JODI-Gas database on the same principles. We expect the International Energy Forum (IEF) report on improving the reliability of the JODI-Oil database and the report on transparency in international gas and coal markets submitted by the International Energy Agency (IEA), IEF, and Organization of the Petroleum Exporting Countries (OPEC) to be discussed by our Finance Ministers in November. We also look forward to IOSCO’s recommendations to improve the functioning and oversight of Price Reporting Agencies in November 2012, which will be produced in collaboration with other mandated organizations (IEF, IEA and OPEC), and task Finance Ministers to take concrete measures in this area as necessary.
Meeting the Challenges of Development
63. Eradicating poverty and achieving strong, inclusive, sustainable and balanced growth remain core objectives of the G20 development agenda. We reaffirm our commitment to work with developing countries, particularly low income countries, and to support them in implementing the nationally driven policies and priorities which are needed to fulfill internationally agreed development goals, particularly the Millennium Development Goals (MDGs) and beyond.
64. We welcome the initiative of the Development Working Group to build upon the work of previous G20 presidencies, and its focus on three priorities during the Mexican Presidency - food security, infrastructure and inclusive green growth. We commend the progress achieved against our commitments in the Seoul Multi-Year Action Plan, and support the 2012 Development Working Group progress report annexed to this Declaration. We invite the Development Working Group to explore putting in place a process for ensuring assessment and accountability for G20 development actions by the next Summit.
65. Investment in infrastructure is critical for sustained economic growth, poverty reduction, and job creation. We therefore welcome the strong progress made under the Multi-Year Action Plan, including in implementing the recommendations of the Multilateral Development Banks』 (MDBs) Action Plan and the High Level Panel on Infrastructure.
66. While recognizing that public financing of infrastructure development projects in developing countries remains essential, we consider it should be complemented by private sector investment. We encourage MDBs to continue progress under the Action Plan, and welcome the report on addressing Misperception of Risk and Return in Low Income Countries. This contains important messages about properly perceiving the risks posed, as well as the opportunities offered, by long-term infrastructure investment in low income countries. Recognizing the challenge that rapid urbanization poses and the need to make cities more sustainable, we welcome the report on Best Practices for Urban Mass Transport Infrastructure Projects in Medium and Large Cities in Developing Countries, and support the follow-up actions as set out in the Development Working Group report.
67. We reaffirm our commitments to the global partnership for development, as set out in the MDGs, and welcome efforts to contribute to this end, including the Global Partnership for Effective Development Cooperation to be launched with voluntary participation under the auspices of the broad consensus achieved at the 4th High Level Forum on Aid Effectiveness held in Busan, Korea.
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68. We recognize the value of Disaster Risk Management (DRM) tools and strategies to better prevent disasters, protect populations and assets, and financially manage their economic impacts. We appreciate World Bank and OECD combined efforts, with the UN’s support, to provide inputs and broaden participation in the discussion on DRM. We welcome the World Bank’s and Mexico’s joint publication on country experiences in this area with the support of G20 members, and look forward to the OECD voluntary framework to facilitate implementation of DRM strategies, to be completed by November.
Promoting longer-term prosperity through inclusive green growth
69. The long-term development and prosperity of current and future generations requires us to look beyond the immediate economic crisis. We acknowledge the importance of finding ways in which economic growth, environmental protection and social inclusion can complement and reinforce each other. Inclusive green growth in the context of sustainable development and poverty eradication can help achieve our development and economic goals, while protecting our environment, and improving social well-being on which our future depends. Inclusive green growth should not be used to introduce protectionist measures.
70. We commit to continue to help developing countries sustain and strengthen their development through appropriate measures, including those that encourage inclusive green growth. We will reaffirm our commitment to sustainable development at the 2012 United Nations Conference on Sustainable Development (Rio+20). We commit to maintaining a focus on inclusive green growth as part of our G20 agenda and in the light of agreements reached at Rio+20 and the United Nations Framework Convention on Climate Change (UNFCCC).
71. Climate change will continue to have a significant impact on the world economy, and costs will be higher to the extent we delay additional action. We reiterate our commitment to fight climate change and welcome the outcome of the 17th Conference of the Parties to the UN climate change conferences. We are committed to the full implementation of the outcomes of Cancun and Durban and will work with Qatar as the incoming Presidency towards achieving a successful and balanced outcome at COP-18. We emphasize the need to structurally transform economies towards a climate-friendly path over the medium term. We welcome the creation of the G20 study group on climate finance, in order to consider ways to effectively mobilize resources taking into account the objectives, provisions and principles of the UNFCCC in line with the Cancun Agreement and ask to provide a progress report to Finance Ministers in November. We support the operationalization of the Green Climate Fund.
72. The Development Working Group discussed a broad set of practical, voluntary measures and actions that have the potential to help countries define their paths towards sustainable development based on their own circumstances and priorities. We believe that developing countries should have access to institutions and mechanisms that can facilitate knowledge sharing, resource mobilization and building technical and institutional capacity to design and implement inclusive green growth strategies and policies. We welcome international efforts in launching the Green Growth Knowledge Platform and will continue exploring options to provide appropriate support to interested developing countries. We welcome the delivery of a non-prescriptive, voluntary toolkit of policy options for inclusive green growth and encourage efforts to promote its implementation. We encourage further exploration of effective mechanisms to mobilize public and private funds for inclusive green growth investment in developing countries, including through the public-private Dialogue Platform on Inclusive Green Investments. We welcome the B20’s Green Growth Action Alliance.
73. We highlight that green growth and sustainable development have strong potential to stimulate long term prosperity and well being. We welcome the report prepared by the OECD, the World
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Bank and the UN on incorporating green growth and sustainable development policies into structural reform agendas, tailored to specific country conditions and level of development. We also acknowledge the G20 efforts to voluntarily self-report on current actions taken to integrate green growth and sustainable development into structural reform agendas. We will self-report again in 2013, on a voluntary basis, and ask appropriate officials to report back on countries』 efforts and progress on incorporating green growth policies in structural reform agendas and in relevant national plans to promote sustainable development.
74. We welcome the progress report on fossil fuel subsidies, and we reaffirm our commitment to rationalize and phase out inefficient fossil fuel subsides that encourage wasteful consumption over the medium term while providing targeted support for the poorest. We ask Finance Ministers to report back by the next Summit on progress made, and acknowledging the relevance of accountability and transparency, to explore options for a voluntary peer review process for G20 members by their next meeting. We also welcome a dialogue on fossil fuel subsidies with other groups already engaged in this work.
75. In Cannes we committed to promote low-carbon development strategies in order to optimize the potential for green growth and ensure sustainable development in our countries and beyond. We therefore welcome the report on clean energy and energy efficiency technologies and acknowledge the G20 countries』 efforts to foster investment in these technologies through the sharing of national experiences regarding challenges for technology deployment.
76. We welcome the establishment of a Global Marine Environment Protection Best Practices Sharing Mechanism website, and look forward to its launch in accordance with the Cannes mandate.
Intensifying the fight against corruption
77. Corruption impedes economic growth, threatens the integrity of markets, undermines fair competition, distorts resource allocation, destroys public trust and undermines the rule of law. We call on all relevant stakeholders to play an active role in fighting corruption.
78. Closing the implementation and enforcement gap remains an important priority, and we continue to make significant progress towards the full implementation of the Seoul G20 Anti-Corruption Action Plan, and the commitments made in the Cannes Monitoring Report. We reiterate our commitment to the ratification and full implementation of the United Nations Convention against Corruption (UNCAC), and to more active engagement with the OECD working group on bribery on a voluntary basis. We welcome continuing engagement from the B20 in the fight against corruption and, in accordance with the Terms of Reference of the review mechanism, will involve the private sector and civil society in the UNCAC review process on a voluntary basis. We endorse today the G20 Anti-Corruption Working Group principles for denial of entry to our countries of corrupt officials, and those who corrupt them, and will continue to develop frameworks for cooperation. We also endorse the Working Group’s principles for financial and asset disclosure systems for relevant officials to prevent, identify and appropriately manage conflicts of interest.
79. We commit to enforcing anti-corruption legislation, and we will pursue those who receive and solicit bribes as well as those who pay them in line with our countries』 legislation. To help facilitate international cooperation among G20 and non-G20 governments in their investigation and prosecution of corruption, we will publish a guide on Mutual Legal Assistance from G20 countries, as well as information on tracing assets in G20 jurisdictions. We renew our commitment to deny safe haven to the proceeds of corruption and to the recovery and restitution of stolen assets.
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80. We extend the mandate of the Anti-Corruption Working Group for two years to the end of 2014 and request the Working Group to prepare a comprehensive action plan, as well as a second Working Group Monitoring Report, both to be presented for consideration and adoption by Sherpas by the end of 2012.
Other paragraphs
81. In light of the interconnectedness of the world economy, the G20 has led to a new paradigm of multilateral co-operation that is necessary in order to tackle current and future challenges effectively. The informal and flexible character of the G20 enables it to facilitate international economic and financial cooperation, and address the challenges confronting the global economy. It is important that we continue to further improve the transparency and effectiveness of the G20, and ensure that it is able to respond to pressing needs. As a contribution to this, in line with the commitment made in Cannes, Sherpas have developed a set of evolving G20 working practices.
82. An informal meeting of G20 Ministers of Foreign Affairs was held in Los Cabos in February, which explored the ways in which G20 member countries could contribute more effectively to address key challenges in global governance.
83. Recognizing the far-reaching impact of G20 decisions, we welcome the extensive outreach efforts undertaken by the Mexican Presidency, including the meetings of Business-20, Labor-20, Youth-20, and Think-20. We will continue developing efforts with non-members, regional and international organizations, including the UN and other actors. In line with the Cannes mandate, in order to ensure our outreach remains consistent and effective, we welcome a set of principles in this area, developed by Sherpas.
84. We thank international organizations, including the UN, IMF, World Bank, WTO, FSB, ILO, FAO, and OECD, as well as civil society, for their input into the G20 process. Their reports and recommendations have provided valuable inputs to G20 discussions, in areas ranging from sustainable development to financial regulation.
Conclusion
85. We look forward to the rest of the work that will take place during Mexico’s Presidency until November 30. On 1 December, 2012, Russia will start chairing the G20. We will convene in St. Petersburg, under the Chairmanship of Russia. We thank Mexico for hosting a successful Los Cabos Summit.