Prime Minister David Cameron hailed the agreement as “good for British jobs, good for British businesses and good for British exporters”.
Mr Cameron added:
By acting together we can maximise world growth and we can cut world unemployment. This is not some obscure economic issue - in the end, it is about jobs.
Chancellor George Osborne said the new “indicative guidelines” marked a significant step forward in shaping a new global economic framework for the post-crisis world.
The final G20 communique also put in place a mechanism that will allow the International Monetary Fund to assess countries and the effects of their exchange rate policies.
The communique recognised that 2011 will provide a “critical window of opportunity” to complete the Doha Round of trade liberalisation negotiations.
The G20 will be chaired and hosted by France next year.
Read more: PM’s press conference at the G20
Read more: G20 final communique (PDF).
Previous story: David Cameron attends G20 Summit.
Published 12 November 2010