Financial leaders from the world's 20 biggest economies agreed on Saturday to step up reform efforts to boost disappointingly slow growth, saying reliance on ultra-low interest rates would not be enough to accelerate economic expansion.
Finance officials from the world's major economies believe an ambitious goal to boost global growth by $2 trillion in the next five years is within reach despite a variety of threats, including rising tensions over Russia's actions in Uk
India's government appeared to be backtracking on a move to allow foreign supermarket giants such as Wal-Mart and Carrefour enter Asia's third-largest economy, as political opposition grew over one of the most far-reaching economic reforms in
European Union leaders piled pressure on Italy on Sunday to speed up economic reforms to avoid a Greece-style meltdown as they began a crucial two-leg summit called to rescue the euro zone from a deepening sovereign debt crisis.
The aim is
Syria, which has launched significant economic reforms, must now follow up with social changes that will tackle corruption and relieve poverty, economists say.
Their comments come as Syrian President Bashar Al Assad marked 10 years in powe
Iraq's foreign investment body believes that no matter who ends up leading the next government after an inconclusive election, economic reforms to create a diversified free-market economy will not be abandoned, said its chief.
"All of the
Iran will suffer less from financial market turmoil than others and will press ahead with an economic reform plan despite a fall in oil prices since July, President Mahmoud Ahmadinejad said yesterday.
"The impact will be less than on other