国际英语新闻：G20 summit concludes with firm fiscal targets

Notably, the group has built "earlier commitment to open, transparent and merit-based selection processes for the heads and senior leadership of all those institutions," which suggest possibility of non-European or non-U.S. executives in the future.

The Toronto summit reiterated the importance of anti- protectionism and free trade. The G20 leaders decided to renew for a further three years, until the end of 2013, the commitment to " refrain from raising barriers or imposing new barriers to investment or trade in goods and services, imposing new export restrictions or implementing World Trade Organization (WTO)- inconsistent measures to stimulate exports."

The G20 members commit to rectify above measures as they arise, the declaration said. The summit stressed again the support for bringing the WTO Doha Development Round to a balanced and ambitious conclusion as soon as possible, consistent with its mandate and based on the progress already made.

Besides discussions on recovery, financial reform and international trade, the G20 Toronto summit also addressed issues related to development, food security, and environment protection.

"2010 marks an important year for development issues," the declaration said, "The September 2010 Millennium Development Goals (MDGs) High Level Plenary will be a crucial opportunity to reaffirm the global development agenda and global partnership, to agree on actions for all to achieve the MDGs by 2015, and to reaffirm our respective commitments to assist the poorest countries."

Next G20 summit will be held in Seoul, Korea, on November 11-12, 2010. The summit will convene in November 2011 under the Chairmanship of France and in 2012 under the Chairmanship of Mexico.