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Mexico finance minister urges fiscal stimulus from able G20 nations
November 4, 2012 / 3:22 AM / 5 years ago

Mexico finance minister urges fiscal stimulus from able G20 nations

MEXICO CITY (Reuters) - G20 countries that are able to provide fiscal stimulus should do so to support growth, Mexican Finance Minister Jose Antonio Meade said on Saturday.

Mexico's Finance Minister Jose Antonio Meade looks on during the G20 Ministerial Seminar "A Green and Inclusive Economy: The Finance Ministers' Perspective" in Rio de Janeiro June 21, 2012. REUTERS /Ueslei Marcelino/Files

Other countries need to focus on grappling with their deficits, and all G20 nations should coordinate their fiscal policies, Meade told reporters.

“Each country has to find the best policy based on its own limitations, its own reality,” Meade said. “But that public policy has to be coordinated so that those countries that have the space to continue to foster demand do so and those countries that have to make (fiscal) adjustments do so as well.”

Reporting by Louise Egan; Editing by Peter Cooney

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