(VOVworld) – Finance leaders from the Group of 20 leading economies on Friday reiterated their commitments to using all policy tools, including monetary, fiscal and structural instruments, to foster confidence and strengthen growth.

US treasury secretary Jack Lew

The G20 finance ministers and central bank governors also reiterated their commitment to refraining from using exchange rates for competitive advantage.  
They said in the communiqué that they   reaffirm their previous exchange-rate commitments, including that they will refrain from competitive devaluations and they will not target our exchange rates for competitive purposes.
The International Monetary Fund (IMF) on Tuesday lowered its forecast for global growth in 2016 down to 3.2 percent, saying that the global economy grows at a sluggish pace that leaves the world economy more exposed to risks.