Latest News:  
Beijing   Sunny    4 / -5   City Forecast

People's Daily Online>>World

G20 finance ministers, central bank governors to discuss debt crisis in Mexico


11:01, February 24, 2012

MEXICO CITY, Feb. 23 (Xinhua) -- G20 finance ministers and central bank governors will discuss how to strengthen the support mechanisms of the International Monetary Fund (IMF) against the eurozone debt crisis at a meeting here this weekend.

The G20 finance ministerial meeting comes less than a week after Europe concluded a series of negotiations to rescue Greece.

Mexican Deputy Finance Minister Gerardo Rodriguez said Thursday they would seek to raise 500 billion U.S. dollars to cushion the impacts of the eurozone debt crisis.

"We hope to be able to give signals of commitment to strengthening the support mechanisms and on Sunday, when the communique is released, we hope it will be like that," Rodriguez said at a press conference.

Mexican President Felipe Calderon has constantly called on all developed and developing countries to pump money into the IMF global financial "firewall" to protect countries against the risk of contagion.

Agustin Carstens, governor of the Bank of Mexico, said the discussion on injecting money into the IMF could be held as early as March.

Economists said Europe is considering creating a fund of 750 billion euros (960 billion dollars), with 250 billion euros (320 billion dollars) from the European Financial Stability Facility (EFSF) and 500 billion euros (640 billion dollars) from the European Stability Mechanism (ESM).

The seventh G20 summit will be held in Los Cabos, northwest Mexico, on June 18 and 19.


Leave your comment0 comments

  1. Name


Selections for you

  1. Wen presides over meeting of national sci-tech, education leading group

  2. People visit Memorial Hall of Victims in Nanjing Massacre

  3. Paralyzed dog wheeling through life

  4. Suzhou wedding expo held in China's Jiangsu Province

Most Popular


  1. China will run short of 25 kinds of minerals by 2020
  2. Fish out the loan sharks
  3. American-style democracy unsuitable for Iraq
  4. Finding out truth crucial to resolving Syrian crisis
  5. Deposit reserve ratio cut does not mean policy shift
  6. Is West genuinely trying to 'save' Syria?
  7. China's Linsanity
  8. Ancient technology education program launched
  9. Banks' reserve ratio cut aims to spur growth
  10. China, India should treat competition rationally

What's happening in China

'iPhone' gas burners seized in central China

  1. Solar Industry 12th Five-Year Plan issued
  2. Beijing to tighten car emission standard
  3. Porsche to recall 20,826 vehicles in China
  4. Graduate student needs a new name for hukou
  5. Drug trafficker suspected of killing cop nabbed

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai