At the G20 meeting in London, finance ministers have agreed that stimulus packages remain necessary despite tentative signs of economic recovery.

The ministers of the twenty most important industrialized and developing economies also broadly agreed that change is needed to curb excessive bonuses in the banking sector, although no concrete measures were settled. The matter is to be passed on for consideration by a think tank, the Financial Stability Board, which is to carry out a study.

The twenty countries did agree that banks should ensure they have greater financial reserves to cope with setbacks.

The G20 also declared that emerging economies such as India and China should be given a greater voice in the International Monetary Fund and the World Bank. However, again no clear measures to achieve this were agreed.