Worldwide, the economy has recovered faster than expected from the crisis, but key challenges remain, said ministers and central bankers meeting in Seoul. The meeting Friday set the agenda for a summit of G20 leaders in Toronto June 26 and 27.
Countries need to rein in budget deficits and ensure sustainable public finances, the ministers said in a statement.
"The recent volatility in financial markets reminds us that significant challenges remain and underscores the importance of international co-operation," the ministers said.
The G20 ministers did not come to an agreement on a global bank tax or refer to such a tax in their statement. A global bank tax is supported by the United States and Europe, but opposed by some developing nations, as well as Canada and Australia, the BBC reported Saturday.
Puzzle-maker slips 'Murdoch Is Evil' into Rupert Murdoch's Sunday Telegraph
Police: Sword-wielding man demanded free tacos