June 28, 2011 1:33 PM

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G-20 significant in revival of world economy says FM

Finance Minister Pranab Mukherjee said, the G-20 is playing a significant role not only in the revival of the world economy, but also in jointly addressing the common problems being faced by the world, such as money laundering or sustainable growth. He said that the free and frank discussion which takes place at G-20 meetings is another important aspect of the G-20. Mr. Mukherjee observed that it is because of the effective leadership and intervention of the G-20 that FATA has taken successful steps to unearth black money and to prevent money laundering and to counter terror finance. US Treasury Secretary Geithner agreed that G-20 is doing a great job to build a consensus on reforms of the governing structures of international financial institutions, more balanced and legitimate.

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