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World finance chiefs cautious on growth and Ukraine

The world's leading economic policymakers expressed concern about the Ukraine crisis on Friday, as they pledged once again to find ways to boost global growth through new reforms. But little concrete came from the meeting of G20 finance ministers and central bank chiefs -- and Australia's Treasurer Joe Hockey admitted members' growth plans are "clearly inadequate." And they were cautious in speaking about Ukraine, despite rising tensions within the group, which includes key antagonists Russia, on one side, and the United States and European powers on the other.

G-20 warns Ukraine crisis will thwart economic growth goal

Group of 20 finance chiefs acknowledged Friday the tottering economic situation in Ukraine threatened by Russia's intervention and any fallout of it as a risk that could hamper their efforts to achieve the economic growth target they set just two months ago. In a communique released after they wrapped up their two-day meeting in Washington, the world's leading economies, including Russia, also agreed on the importance of financial aid to Ukraine, which is teetering on the brink of fiscal collapse amid its political confusion.

Other nations have faith U.S. will back IMF reforms: official

WASHINGTON (Reuters) - IMF member nations trust the United States will eventually back reforms to give emerging economies more power at the global lender, the chair of the International Monetary Fund's steering committee said on Friday. "(It's) too early to talk about alternatives now," Singaporean Finance Minister Tharman Shanmugaratnam told reporters after the committee met with top officials from the Group of 20 nations. "We have every reason to think the 2010 reform will be passed by the U.S."

G20 says monitoring economic situation in Ukraine

Group of 20 finance ministers and central bank chiefs meeting in Washington on Friday said they were alert to economic risks from the Ukraine crisis, according to a draft statement. "We are monitoring the economic situation in Ukraine, mindful of any risks to economic and financial stability," said the draft, seen by AFP. The draft, a nearly-complete version of the group's final statement to be released later Friday, confirmed that tensions over Ukraine are causing a stir in the leading 20 powers, which include the United States, Europe's major countries and Russia.

G20 urges US to ratify IMF reforms by year-end

The G20 pressed the United States Friday to ratify crucial IMF reforms after four years of waiting, suggesting they would find an alternative if Washington does not deliver by year-end. "We are deeply disappointed with the continued delay in progressing the IMF quota and governance reforms.... We urge the US to ratify these reforms at the earliest opportunity," the group said. pmh/sst

G20 urges US to ratify IMF reforms by year-end

The G20 pressed the United States Friday to ratify crucial IMF reforms after four years of waiting, suggesting they would find an alternative if Washington does not deliver by year-end. "We are deeply disappointed with the continued delay in progressing the IMF quota and governance reforms.... We urge the US to ratify these reforms at the earliest opportunity," the group said. pmh/sst

Greece likely to need more financing help in next two years: IMF

WASHINGTON (Reuters) - Greece is likely to need further financing help from the euro zone over the next two years despite its successful return to bond markets this week, the head of the International Monetary Find's European department, Reza Moghadam, said on Friday. "The financing needs for the next two years remain very large. There will be continued need for support," Moghadam told a news conference during the IMF and World Bank spring 2014 meetings in Washington. (Reporting by Jan Strupczewski; Editing by Paul Simao)

G20 says monitoring economic situation in Ukraine

Group of 20 finance ministers and central bank chiefs said they were alert to risks to the global economy from the Ukraine crisis in a draft statement at talks in Washington Friday. "We are monitoring the economic situation in Ukraine, mindful of any risk to economic and financial stability," said the draft seen by AFP. The draft confirmed the concerns that tensions over Ukraine are causing a stir in the leading 20 powers, which include the United States, Europe's major countries and Russia.

G20 monitoring Ukraine for economic risks: draft communique

WASHINGTON (Reuters) - The world's top economies are monitoring the economic situation in Ukraine "for any risks to economic and financial stability," according to a draft of the communique by the Group 20 finance ministers and central bankers. The International Monetary Fund and the World Bank remain best placed to help countries deal with their "economic challenges through policy advice and catalytic financing," the draft, which was obtained by Reuters on Friday, says in the same section.

US prods world's nations, institutions for Ukraine aid

The United States on Friday urged the international community to contribute more to Ukraine's economic rescue, stressing the "immediate" need to fund a huge IMF program for Kiev. "The United States is bolstering the IMF program through a complementary aid package, which includes a $1 billion loan guarantee and additional technical assistance," Treasury Secretary Jacob Lew said in a statement to the IMF.
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