S. Korean FM meets with his counterparts of Canada, U.S., France

16:14, October 22, 2010      

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South Korea's top finance official on Friday met with his counterparts from Canada, the U.S., and France, sharing views on main agenda items of the G20 ministerial meeting, the government said.

On the sidelines of the G20 Finance Ministers and Central Bank Governors' Meeting held in Gyeongju, South Korean Finance Minister Yoon Jeung-hyun held one-on-one talks with Canadian Finance Minister Jim Flaherty, U.S. Secretary of Treasury Timothy Geithner, and French Minister Christine Lagarde, urging the leaders for full cooperation for the success of the Gyeongju Meeting and the upcoming G20 Seoul Summit.

The ministers also shared views on the topics to be tabled at the meeting, including the IMF quota and governance reform, the global financial safety net (GFSN), and the Framework for Strong, Sustainable and Balanced Growth.

Minister Yoon, in particular, stressed that there should come substantial agreements on the IMF reform, the GFSN, and the Framework as a result of the Gyeongju Meeting, highlighting the legitimacy of the G20 as premier forum.

The ministers vowed to keep up their efforts to see a breakthrough in the issues before the G20 November Seoul Summit.

Meanwhile, Minister Yoon also met with IMF Managing Director Strauss-Kahn, with whom he held a close consultation to coordinate main issues at the meeting.

South Korea, currently serving as the chair of the G20, is striving to see tangible outcomes as a result of the Gyeongju meeting.

The fifth G20 Summit is scheduled to be held in Seoul from Nov. 11 to Nov. 12.

Source: Xinhua


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