G20 Finance Ministers and Central Bank Governors pose for a group photo in Chengdu in Southwestern China’s Sichuan province, Sunday, July 24, 2016. Finance Ministers and Central Bank Governors of the 20 most developed economies met in the southwestern city of Chengdu ahead of a G20 leaders meeting in September hosted by China. Participants in the front row are, from left: Britain’s Chancellor of the Exchequer Philip Hammond, World Bank President Jim Yong Kim, an unidentified member, Turkey’s Deputy Prime Minister Mehmet Simsek, China’s Finance Minister Lou Jiwei, China’s People’s Bank of China Governor Zhou Xiaochuan, Germany’s Federal Minister of Finance Wolfgang Schauble, International Monetary Fund Managing Director Christine Lagarde and OECD Secretary-General Angel Gurria. AP/Ng Han Guan, Pool
BEIJING — Finance officials of major economies have pledged to boost sluggish global economic growth and defend against the shockwaves of Britain’s exit from the European Union.
Envoys from the Group of 20 major economies ended a two-day meeting Sunday with a pledge to use government spending and regulatory reforms to strengthen growth but announced no joint action.
Governments at the meeting, which included Britain, called for a “close partnership” between that country and its European neighbors if the British government follows through on plans to leave the trade bloc. They said the British vote to leave the EU has caused turmoil in global markets but that they have taken steps to limit its impact.