| | |  Business News | September 2009 
Mexico Says Time to Coordinate Exit Strategies
 Reuters
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September 26, 2009
| | Mexico's Finance Minister Agustin Carstens | |
Pittsburgh - The time has arrived for world leaders to start planning an exit strategy for the unprecedented monetary and fiscal stimulus that has been in place for the past 12 months, Mexico's Finance Minister said on Friday.
Agustin Carstens said world leaders' mood at this week's summit of the Group of 20 developed and emerging countries had improved significantly from the previous one, as the global economy had reached bottom and was now recovering.
"It was a very different summit from the one we had in London in April," he said. "Now he have a more positive attitude, although it is still cautious because the patient is recovering but there is a lot of work to be done."
The main risk for the global recovery is related to the health of financial institutions, the minister added.
Carstens also called on the global community to keep up with plans to boost the capital of the World Bank and especially the Inter-American Development Bank, which is the "main creditor for Latin America."
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