国际英语新闻：G-20 leaders resolved to speed reform of Int'l Financial Institutions

The G-20 leaders said they have fulfilled their Pittsburgh Summit commitment on the MDBs, which includes 350 billion US dollars in capital increases for the MDBs, allowing them to nearly double their lending.

"This new capital is joined to ongoing and important reforms to make these institutions more transparent, accountable and effective, and to strengthen their focus on lifting the lives of the poor, underwriting growth, and addressing climate change and food security," they said.

They claimed that their commitment to ensure an ambitious replenishment for the concessional lending facilities of the MDBs, especially the International Development Association and the African Development Fund, has also be fulfilled.

On the issue of small and medium enterprises (SME), the Summit launched a plan, the SME Finance Challenge, and is committed to mobilizing funding for implementation of winning proposals, including through the strong support of the MDBs.

"We have developed a set of principles for innovative financial inclusion," they added.

In regard to Haiti reconstruction from the January devastating earthquake, the G-20 leaders expressed their support to the people of Haiti by providing much-needed reconstruction assistance, including the full cancellation of all of Haiti's IFI debt.

On the agriculture and food issues, the G-20 leaders said that they are committed to exploring innovative, results-based mechanisms to harness the private sector for agricultural innovation.

"We welcome the launch of the Global Agriculture and Food Security Program in fulfillment of our Pittsburgh commitment on food security, an important step to further implement the Global Partnership for Agriculture and Food Security, and invite further contributions," they concluded.