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G20 foreign ministers conclude Mexico meeting

Other News Materials 21 February 2012 10:52 (UTC +04:00)

Foreign ministers of the G20 group of world's 20 leading economies concluded a meeting in Mexico urging improved efficiency in international institutions, DPA reported.

German Foreign Minister Guido Westerwelle said "all participants saw the necessity to reform international decision-making structures," in particular the United Nations.

Mexican President Felipe Calderon called for a strengthening of international financial institutions, in the context of the current global crisis.

The two-day informal event was the first time since the G20's founding in 1999 that it met at the foreign-minister level.

The G20 summit is scheduled for June, also in Los Cabos, on the Baja California peninsula in western Mexico.

On the first day of the meeting Sunday, Mexican Foreign Minister Patricia Espinosa said international institutions were often too clumsy and bureaucratic to be effective.

The G20, made up of the 19 leading countries and the European Union, is "uniquely positioned to bring about the leadership that the world currently craves," she said.

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