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G20: Agrees Detailed Timetable For Mutual Assessment

ST. ANDREWS, Scotland -(Dow Jones)- Finance officials from the Group of 20 leading economies have agreed a detailed timetable for assessing each others policies with the aim of rebalancing the global economy, according to a draft of their statement.

G20 finance officials will begin to discuss options for ensuring that the global economy grows in a more sustained and balance way in January of next year, with the aim of providing options to G20 leaders when they meet in June.

At their last meeting in Pittsburgh in September, G20 leaders agreed a framework for peer review that is designed to ensure that national economic policies are consistent with balance in the global economy.

"The first challenge in using the framework will be the transition from crisis response to stronger, more sustainable and balanced growth," G20 finance officials will say, according to the draft.

As expected, the officials will agree to keep their stimulus measures in place, despite signs that the global economy is in recovery.

"Economic and financial conditions have improved following our coordinated response to the crisis," the draft said. "However, the recovery is uneven and remains dependent on policy support, and high unemployment is a major concern. To restore the global economic and financial system to health, we agree to maintain support for the recovery until it is assured."

-By Laurence Norman, Dow Jones Newswires; 44-207-842-9270; laurence.norman@ dowjones.com

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