Declaration of the Summit on Financial Markets and the World Economy
1. We, the Leaders of the Group of Twenty, held an initial meeting in Washington on November 15, 2008, amid serious challenges to the world economy
and financial markets. We are determined to enhance our cooperation and work together to restore global growth and achieve needed reforms in the
world’s financial systems.
2. Over the past months our countries have taken urgent and exceptional measures to support the global economy and stabilize financial
markets. These efforts must continue. At the same time, we must lay the foundation for reform to help to ensure that a global crisis, such as this one,
does not happen again. Our work will be guided by a shared belief that market principles, open trade and investment regimes, and effectively regulated
financial markets foster the dynamism, innovation, and entrepreneurship that are essential for economic growth, employment, and poverty reduction.
Root Causes of the Current Crisis
3. During a period of strong global growth, growing capital flows, and prolonged stability earlier this decade, market participants sought higher yields
without an adequate appreciation of the risks and failed to exercise proper due diligence. At the same time, weak underwriting standards, unsound risk
management practices, increasingly complex and opaque financial products, and consequent excessive leverage combined to create vulnerabilities in the
system. Policy-makers, regulators and supervisors, in some advanced countries, did not adequately appreciate and address the risks building up in
financial markets, keep pace with financial innovation, or take into account the systemic ramifications
分歧of domestic regulatory actions.
4. Major underlying factors to the current situation were, among others, inconsistent and insufficiently coordinated macroeconomic policies, inadequate
structural reforms, which led to unsustainable global macroeconomic outcomes. These developments, together, contributed to excesses and ultimately
resulted in severe market disruption.
Actions Taken and to Be Taken
5. We have taken strong and significant actions to date to stimulate our economies, provide liquidity, strengthen the capital of financial institutions,
protect savings and deposits, address regulatory deficiencies, unfreeze credit markets, and are working to ensure that international financial institutions
(IFIs) can provide critical support for the global economy.
6. But more needs to be done to stabilize financial markets and support economic growth. Economic momentum is slowing substantially in major
economies and the global outlook has weakened. Many emerging market economies, which helped sustain the world economy this decade, are still
experiencing good growth but increasingly are being adversely impacted by the worldwide slowdown.
7. Against this background of deteriorating economic conditions worldwide, we agreed that a broader policy response is needed, based on closer
macroeconomic cooperation, to restore growth, avoid negative spillovers and support emerging market economies and developing countries. As
immediate steps to achieve these objectives, as well as to address longer-term challenges, we will:
o o o
Continue our vigorous efforts and take whatever further actions are necessary to stabilize the financial system.
Recognize the importance of monetary policy support, as deemed appropriate to domestic conditions.
Use fiscal measures to stimulate domestic demand to rapid effect, as appropriate, while maintaining a policy framework conducive to fiscal
sustainability.
o
Help emerging and developing economies gain access to finance in current difficult financial conditions, including through liquidity facilities
and program support. We stress the International Monetary Fund’s (IMF) important role in crisis response, welcome its new short-term liquidity
facility, and urge the ongoing review of its instruments and facilities to ensure flexibility.
o
Encourage the World Bank and other multilateral development banks (MDBs) to use their full capacity in support of their development
agenda, and we welcome the recent introduction of new facilities by the World Bank in the areas of infrastructure and trade finance.
o
Ensure that the IMF, World Bank and other MDBs have sufficient resources to continue playing their role in overcoming the crisis.
Common Principles for Reform of Financial Markets 8. In addition to the actions taken above, we will implement reforms that will strengthen financial markets and regulatory regimes so as to avoid future
crises. Regulation is first and foremost the responsibility of national regulators who constitute the first line of defense against market
instability. However, our financial markets are global in scope, therefore, intensified international cooperation among regulators and strengthening of
international standards, where necessary, and their consistent implementation is necessary to protect against adverse cross-border, regional and global
developments affecting international financial stability. Regulators must ensure that their actions support market discipline, avoid potentially adverse
impacts on other countries, including regulatory arbitrage, and support competition, dynamism and innovation in the marketplace. Financial institutions
must also bear their responsibility for the turmoil and should do their part to overcome it including by recognizing losses, improving disclosure and
strengthening their governance and risk management practices.
9. We commit to implementing policies consistent with the following common principles for reform.
o
Strengthening Transparency and Accountability: We will strengthen financial market transparency, including by enhancing required
disclosure on complex financial products and ensuring complete and accurate disclosure by firms of their financial conditions. Incentives should
be aligned to avoid excessive risk-taking.
o
Enhancing Sound Regulation: We pledge to strengthen our regulatory regimes, prudential oversight, and risk management, and
ensure that all financial markets, products and participants are regulated or subject to oversight, as appropriate to their circumstances. We will
exercise strong oversight over credit rating agencies, consistent with the agreed and strengthened international code of conduct. We will also
make regulatory regimes more effective over the economic cycle, while ensuring that regulation is efficient, does not stifle innovation, and
encourages expanded trade in financial products and services. We commit to transparent assessments of our national regulatory systems.
o
Promoting Integrity in Financial Markets: We commit to protect the integrity of the world’s financial markets by bolstering investor
and consumer protection, avoiding conflicts of interest, preventing illegal market manipulation, fraudulent activities and abuse, and protecting
against illicit finance risks arising from non-cooperative jurisdictions. We will also promote information sharing, including with respect to
jurisdictions that have yet to commit to international standards with respect to bank secrecy and transparency.
o
Reinforcing International Cooperation: We call upon our national and regional regulators to formulate their regulations and other
measures in a consistent manner. Regulators should enhance their coordination and cooperation across all segments of financial markets,
including with respect to cross-border capital flows. Regulators and other relevant authorities as a matter of priority should strengthen
cooperation on crisis prevention, management, and resolution.
o
Reforming International Financial Institutions: We are committed to advancing the reform of the Bretton Woods Institutions so that
they can more adequately reflect changing economic weights in the world economy in order to increase their legitimacy and effectiveness. In this
respect, emerging and developing economies, including the poorest countries, should have greater voice and representation. The Financial
Stability Forum (FSF) must expand urgently to a broader membership of emerging economies, and other major standard setting bodies should
promptly review their membership. The IMF, in collaboration with the expanded FSF and other bodies, should work to better identify
vulnerabilities, anticipate potential stresses, and act swiftly to play a key role in crisis response.
Tasking of Ministers and Experts
10. We are committed to taking rapid action to implement these principles. We instruct our Finance Ministers, as coordinated by their 2009 G-20
leadership (Brazil, UK, Republic of Korea), to initiate processes and a timeline to do so. An initial list of specific measures is set forth in the attached
Action Plan, including high priority actions to be completed prior to March 31, 2009.
In consultation with other economies and existing bodies, drawing upon the recommendations of such eminent independent experts as they may appoint,
we request our Finance Ministers to formulate additional recommendations, including in the following specific areas:
o o o
Mitigating against pro-cyclicality in regulatory policy;
Reviewing and aligning global accounting standards, particularly for complex securities in times of stress;
Strengthening the resilience and transparency of credit derivatives markets and reducing their systemic risks, including by improving the
infrastructure of over-the-counter markets;
o o o
Reviewing compensation practices as they relate to incentives for risk taking and innovation;
Reviewing the mandates, governance, and resource requirements of the IFIs; and
Defining the scope of systemically important institutions and determining their appropriate regulation or oversight.
11. In view of the role of the G-20 in financial systems reform, we will meet again by April 30, 2009, to review the implementation of the principles and
decisions agreed today.
Commitment to an Open Global Economy
12. We recognize that these reforms will only be successful if grounded in a commitment to free market principles, including the rule of law, respect for
private property, open trade and investment, competitive markets, and efficient, effectively regulated financial systems. These principles are essential
to economic growth and prosperity and have lifted millions out of poverty, and have significantly raised the global standard of living. Recognizing the
necessity to improve financial sector regulation, we must avoid over-regulation that would hamper economic growth and exacerbate the contraction of
capital flows, including to developing countries.
13. We underscore the critical importance of rejecting protectionism and not turning inward in times of financial uncertainty. In this regard, within the
next 12 months, we will refrain from raising new barriers to investment or to trade in goods and services, imposing new export restrictions, or
implementing World Trade Organization (WTO) inconsistent measures to stimulate exports. Further, we shall strive to reach agreement this year on
modalities that leads to a successful conclusion to the WTO’s Doha Development Agenda with an ambitious and balanced outcome. We instruct our
Trade Ministers to achieve this objective and stand ready to assist directly, as necessary. We also agree that our countries have the largest stake in the
global trading system and therefore each must make the positive contributions necessary to achieve such an outcome.
14. We are mindful of the impact of the current crisis on developing countries, particularly the most vulnerable. We reaffirm the importance of the
Millennium Development Goals, the development assistance commitments we have made, and urge both developed and emerging economies to
undertake commitments consistent with their capacities and roles in the global economy. In this regard, we reaffirm the development principles agreed
at the 2002 United Nations Conference on Financing for Development in Monterrey, Mexico, which emphasized country ownership and mobilizing all
sources of financing for development.
15. We remain committed to addressing other critical challenges such as energy security and climate change, food security, the rule of law, and the fight
against terrorism, poverty and disease.
16. As we move forward, we are confident that through continued partnership, cooperation, and multilateralism, we will overcome the challenges
before us and restore stability and prosperity to the world economy.
Action Plan to Implement Principles for Reform
This Action Plan sets forth a comprehensive work plan to implement the five agreed principles for reform. Our finance ministers will work to ensure that
the taskings set forth in this Action Plan are fully and vigorously implemented. They are responsible for the development and implementation of these
recommendations drawing on the ongoing work of relevant bodies, including the International Monetary Fund (IMF), an expanded Financial Stability
Forum (FSF), and standard setting bodies.
Strengthening Transparency and Accountability
Immediate Actions by March 31, 2009
o
The key global accounting standards bodies should work to enhance guidance for valuation of securities, also taking into account the
valuation of complex, illiquid products, especially during times of stress.
o
Accounting standard setters should significantly advance their work to address weaknesses in accounting and disclosure standards for
off-balance sheet vehicles.
o
Regulators and accounting standard setters should enhance the required disclosure of complex financial instruments by firms to market
participants.
o
With a view toward promoting financial stability, the governance of the international accounting standard setting body should be further
enhanced, including by undertaking a review of its membership, in particular in order to ensure transparency, accountability, and an appropriate
relationship between this independent body and the relevant authorities.
o
Private sector bodies that have already developed best practices for private pools of capital and/or hedge funds should bring forward
proposals for a set of unified best practices. Finance Ministers should assess the adequacy of these proposals, drawing upon the analysis of
regulators, the expanded FSF, and other relevant bodies.
Medium-term actions
o
The key global accounting standards bodies should work intensively toward the objective of creating a single high-quality global standard.
o
Regulators, supervisors, and accounting standard setters, as appropriate, should work with each other and the private sector on an ongoing
basis to ensure consistent application and enforcement of high-quality accounting standards.
o
Financial institutions should provide enhanced risk disclosures in their reporting and disclose all losses on an ongoing basis, consistent with
international best practice, as appropriate. Regulators should work to ensure that a financial institution’ financial statements include a complete,
accurate, and timely picture of the firm’s activities (including off-balance sheet activities) and are reported on a consistent and regular basis.
Enhancing Sound Regulation
Regulatory Regimes
Immediate Actions by March 31, 2009
o
The IMF, expanded FSF, and other regulators and bodies should develop recommendations to mitigate pro-cyclicality, including the review
of how valuation and leverage, bank capital, executive compensation, and provisioning practices may exacerbate cyclical trends.
Medium-term actions
o
To the extent countries or regions have not already done so, each country or region pledges to review and report on the structure and
principles of its regulatory system to ensure it is compatible with a modern and increasingly globalized financial system. To this end, all G-20
members commit to undertake a Financial Sector Assessment Program (FSAP) report and support the transparent assessments of countries’
national regulatory systems.
o
The appropriate bodies should review the differentiated nature of regulation in the banking, securities, and insurance sectors and provide
a report outlining the issue and making recommendations on needed improvements. A review of the scope of financial regulation, with a special
emphasis on institutions, instruments, and markets that are currently unregulated, along with ensuring that all systemically-important institutions
are appropriately regulated, should also be undertaken.
o
National and regional authorities should review resolution regimes and bankruptcy laws in light of recent experience to ensure that they
permit an orderly wind-down of large complex cross-border financial institutions.
o
Definitions of capital should be harmonized in order to achieve consistent measures of capital and capital adequacy.
Prudential Oversight
Immediate Actions by March 31, 2009
o
Regulators should take steps to ensure that credit rating agencies meet the highest standards of the international organization of securities
regulators and that they avoid conflicts of interest, provide greater disclosure to investors and to issuers, and differentiate ratings for complex
products. This will help ensure that credit rating agencies have the right incentives and appropriate oversight to enable them to perform their
important role in providing unbiased information and assessments to markets.
o
The international organization of securities regulators should review credit rating agencies’ adoption of the standards and mechanisms for
monitoring compliance.
o
Authorities should ensure that financial institutions maintain adequate capital in amounts necessary to sustain confidence. International
standard setters should set out strengthened capital requirements for banks’ structured credit and securitization activities.
o
Supervisors and regulators, building on the imminent launch of central counterparty services for credit default swaps (CDS) in some
countries, should: speed efforts to reduce the systemic risks of CDS and over-the-counter (OTC) derivatives transactions; insist that market
participants support exchange traded or electronic trading platforms for CDS contracts; expand OTC derivatives market transparency; and ensure
that the infrastructure for OTC derivatives can support growing volumes.
Medium-term actions
o o
Credit Ratings Agencies that provide public ratings should be registered.
Supervisors and central banks should develop robust and internationally consistent approaches for liquidity supervision of, and central bank
liquidity operations for, cross-border banks.
Risk Management
Immediate Actions by March 31, 2009
o
Regulators should develop enhanced guidance to strengthen banks’ risk management practices, in line with international best practices,
and should encourage financial firms to reexamine their internal controls and implement strengthened policies for sound risk management.
o
Regulators should develop and implement procedures to ensure that financial firms implement policies to better manage liquidity risk,
including by creating strong liquidity cushions.
o
Supervisors should ensure that financial firms develop processes that provide for timely and comprehensive measurement of risk
concentrations and large counterparty risk positions across products and geographies.
o o
Firms should reassess their risk management models to guard against stress and report to supervisors on their efforts.
The Basel Committee should study the need for and help develop firms’ new stress testing models, as appropriate.
o
Financial institutions should have clear internal incentives to promote stability, and action needs to be taken, through voluntary effort or
regulatory action, to avoid compensation schemes which reward excessive short-term returns or risk taking.
o
Banks should exercise effective risk management and due diligence over structured products and securitization.
Medium -term actions
o
International standard setting bodies, working with a broad range of economies and other appropriate bodies, should ensure that
regulatory policy makers are aware and able to respond rapidly to evolution and innovation in financial markets and products.
o
Authorities should monitor substantial changes in asset prices and their implications for the macroeconomy and the financial system.
Promoting Integrity in Financial Markets
Immediate Actions by March 31, 2009
o
Our national and regional authorities should work together to enhance regulatory cooperation between jurisdictions on a regional and
international level.
o
National and regional authorities should work to promote information sharing about domestic and cross-border threats to market stability
and ensure that national (or regional, where applicable) legal provisions are adequate to address these threats.
o
National and regional authorities should also review business conduct rules to protect markets and investors, especially against market
manipulation and fraud and strengthen their cross-border cooperation to protect the international financial system from illicit actors. In case of
misconduct, there should be an appropriate sanctions regime.
Medium -term actions
o
National and regional authorities should implement national and international measures that protect the global financial system from
uncooperative and non-transparent jurisdictions that pose risks of illicit financial activity.
o
The Financial Action Task Force should continue its important work against money laundering and terrorist financing, and we support the
efforts of the World Bank - UN Stolen Asset Recovery (StAR) Initiative.
o
Tax authorities, drawing upon the work of relevant bodies such as the Organization for Economic Cooperation and Development (OECD),
should continue efforts to promote tax information exchange. Lack of transparency and a failure to exchange tax information should be vigorously
addressed.
Reinforcing International Cooperation
Immediate Actions by March 31, 2009
o
Supervisors should collaborate to establish supervisory colleges for all major cross-border financial institutions, as part of efforts to
strengthen the surveillance of cross-border firms. Major global banks should meet regularly with their supervisory college for comprehensive
discussions of the firm’s activities and assessment of the risks it faces.
o
Regulators should take all steps necessary to strengthen cross-border crisis management arrangements, including on cooperation and
communication with each other and with appropriate authorities, and develop comprehensive contact lists and conduct simulation exercises, as
appropriate.
Medium -term actions
o
Authorities, drawing especially on the work of regulators, should collect information on areas where convergence in regulatory practices
such as accounting standards, auditing, and deposit insurance is making progress, is in need of accelerated progress, or where there may be
potential for progress.
o
Authorities should ensure that temporary measures to restore stability and confidence have minimal distortions and are unwound in a
timely, well-sequenced and coordinated manner.
Reforming International Financial Institutions
Immediate Actions by March 31, 2009
o o
The FSF should expand to a broader membership of emerging economies.
The IMF, with its focus on surveillance, and the expanded FSF, with its focus on standard setting, should strengthen their collaboration,
enhancing efforts to better integrate regulatory and supervisory responses into the macro-prudential policy framework and conduct early warning
exercises.
o
The IMF, given its universal membership and core macro-financial expertise, should, in close coordination with the FSF and others, take a
leading role in drawing lessons from the current crisis, consistent with its mandate.
o
We should review the adequacy of the resources of the IMF, the World Bank Group and other multilateral development banks and stand
ready to increase them where necessary. The IFIs should also continue to review and adapt their lending instruments to adequately meet their
members’ needs and revise their lending role in the light of the ongoing financial crisis.
o
We should explore ways to restore emerging and developing countries’ access to credit and resume private capital flows which are critical
for sustainable growth and development, including ongoing infrastructure investment.
o
In cases where severe market disruptions have limited access to the necessary financing for counter-cyclical fiscal policies, multilateral
development banks must ensure arrangements are in place to support, as needed, those countries with a good track record and sound policies.
Medium -term actions
o
We underscored that the Bretton Woods Institutions must be comprehensively reformed so that they can more adequately reflect changing
economic weights in the world economy and be more responsive to future challenges. Emerging and developing economies should have greater
voice and representation in these institutions.
o
The IMF should conduct vigorous and even-handed surveillance reviews of all countries, as well as giving greater attention to their
financial sectors and better integrating the reviews with the joint IMF/World Bank financial sector assessment programs. On this basis, the role of
the IMF in providing macro-financial policy advice would be strengthened.
o
Advanced economies, the IMF, and other international organizations should provide capacity-building programs for emerging market
economies and developing countries on the formulation and the implementation of new major regulations, consistent with international standards.
部分译文：
声明分析了危机产生的根源、说明各国已采取并将采取的行动、阐述改革金融市场的共同原则和实施这些原则的行动计划、承诺各国将继续致力于对开放的全球经济。
加强金融市场和监管机制五原则
就未来采取的行动而言，声明表示各国将继续一切必要的行动稳定金融体系；意识到货币政策支持的重要性；使用财政手段迅速刺激国内需求，同时保持有助于财政可持续性
的政策框架；帮助新兴市场和发展中国家在目前紧缩的金融条件下获得资金，包括提供流动性工具和项目支持；强调国际货币基金组织（IMF）在应对此次危机中的重要作用，
欢迎IMF提供短期流动性工具，敦促IMF保证流动性；鼓励世界银行和其他多边开发银行尽其全力发展项目，欢迎世行最近在基础设施和贸易融资领域引进的新工具；保证
IMF、世行和多边开发银行拥有足够的资源应对此次危机。
声明还就加强金融市场和监管机制制定了五个原则：
——增强透明度和问责制，包括加强复杂金融产品的必要披露，要求金融机构保证对其内部情况的完全和准确披露，同时向那些避免过度追逐风险的行为提供激励；
——加强稳健的监管，保证所有的金融市场、产品和参与者受到合适的监管，对信用评级机构实施强有力的监督，使其行为符合达成共识的国际行为规范，保证监管机制不会
阻碍创新、鼓励加大金融产品和金融服务的交易；
——推动金融市场的公正，包括加强对投资者和消费者的保护，避免利益冲突，防止非法市场操纵和诈骗行为，加强信息共享；
——加强国际合作，要求国家和地区监管机构在制定监管规定时保持一致性，在监管跨界资本流动时加强相互协作，监管机构应优先考虑在危机预防、管理、和解决领域的合
作；
——改革国际金融机构，致力于推动“布雷顿森林体系”的改革，使其更好地反映国际经济力量的变化，保证国际金融机构的合法性和有效性，因此新兴市场和发展中国家，包
括最贫困国家应该拥有更大发言权和代表性。金融稳定论坛（FSF）也亟待扩展，接纳更多的新兴市场国家，其他设立标准的主要国际机构也应考虑成员国代表性的问题。IMF
以及扩大成员国后的FSF应迅速行动起来，在危机应对中扮演关键性角色。
而在阐述原则的同时，声明以超乎寻常的速度制定了与原则相应的行动计划：
——马上采取行动，到明年3月31日前，全球主要的会计准则制定机构应当加强对证券定价的指导，同时考虑复杂、流动性差产品的定价问题。而中期行动计划应致力于实
现单一的高质量全球会计标准；
——到明年3月31日前，IMF和扩大的FSF需要提出建议，如何防止定价、债务、银行资本、管理层薪酬以及有关拨备的相关规定不会恶化经济周期的走势。保证信用评
级机构符合证券监管机构的最高标准。减少信贷违约掉期（CDS）和场外衍生品交易的系统风险。中期目标是，20国承诺发表“金融部门评估项目”报告，支持对国家监管体
制的透明评估。评估清算机制和破产法律，保证大型跨国金融机构的清算破产可以有序进行。有关资本的定义应当趋同，以便可以在资本充足率方面采取一致的措施。提供公
共评级服务的信用评级机构应该注册；
——从现在起到明年3月31日，监管机构应合作建立监管共同体，对所有主要的跨境金融机构实施监管。中期目标是确保监管机构在会计标准、审计、和存款保证方面更加
趋同，同时保证旨在恢复稳定和信心的临时性措施给市场造成的扭曲最小；
——从现在到明年3月31日，注重监管的IMF和侧重标准设定的FSF应增强合作，更好地将监管层的反应同稳健的宏观政策相结合，提供早期预警。鉴于 IMF的普遍代
表性，应该在危机教训总结方面起到领导性作用。同时评估IMF、世行和多边性开发银行资本充足率，必要时向其注资。中期目标是要全面改革“ 布雷顿森林体系”，IMF应
对所有成员国进行严格和公正的监管评议，同时更多的注意成员国的金融部门，加强IMF在提供宏观金融政策建议方面的作用。
二十国集团金融市场和世界经济峰会发表宣言
2008年11月16日 04:44新华网【大 中 小】 【打印】
11月15日，中国国家主席胡锦涛在华盛顿出席二十国集团领导人金融市场和世界经济峰会。这是与会各国领导人合影。新华社记者 李学仁 摄
新华网华盛顿11月15日电（记者 赵毅 葛相文） 二十国集团领导人金融市场和世界经济峰会15日发表宣言，强调在世界经济和国际金融市场面临严重挑战之际，与会国
家决心加强合作，努力恢复全球增长，实现世界金融体系的必要改革。
宣言指出，市场原则、开放的贸易和投资体系、得到有效监管的金融市场是确保经济发展、就业和减贫的基本因素。
宣言分析了当前危机的根源，指出宏观经济政策缺乏连贯性，市场参与者过度追逐高收益，缺乏风险评估和履行相应责任，经济结构改革不充分等阻碍了全球宏观经济的可持
续发展，导致风险过度，最终引发严重的市场混乱。
宣言说，面对国际金融危机的严峻挑战，有关国家已经开始采取一系列重大行动，以刺激经济增长，改善金融机构资本状况，保护储蓄与存款，弥补监管缺失，解冻信贷市场。
在这些措施和行动的基础上，会议希望和鼓励国际货币基金组织、世界银行和其他多边开发银行在应对危机方面发挥更加积极的作用，在基础设施和贸易融资领域引入新的贷
款机制。
宣言说，在金融市场已全球化的今天，各国监管当局在履行自身职责的同时，必须加强国际合作，支持市场竞争与创新，加强金融市场透明度及监管机制，确保所有金融市场、
产品和参与者都受到相应监管或监督。
宣言说，与会国将根据公认和强化的国际行为准则，促进和保护世界金融市场的诚信，防止非法操纵市场、欺诈和滥用行为，防范金融风险。
宣言强调，在金融不稳定时期更应反对保护主义，反对为投资或商品和服务贸易设置新壁垒，反对采取新的出口限制措施或采取不符合世界贸易组织规定的刺激出口措施。
宣言强调要继续致力于应对其他重要挑战，包括能源安全和气候变化、粮食安全、法治、反恐、贫困和疾病。
宣言表示相信，通过持续的伙伴关系、合作和多边主义，国际社会一定能战胜挑战，恢复世界经济稳定与繁荣。
宣言最后说，二十国集团将于2009年4月30日之前再次举行会议，审议其今天确定的有关原则和决定的落实情况。
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