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Canada and Mexico Discuss G-20 Priorities for 2012

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Mexico City, December 13, 2011
2011-133

The Honourable Jim Flaherty, Canada’s Minister of Finance, met with Mexico’s President, Felipe Calderón, Finance Minister, José Antonio Meade, and Central Bank Governor, Agustín Carstens, in Mexico City, where they discussed G-20 priorities for 2012.

“As Mexico assumes the role of G-20 chair in 2012, it is important for Canada to work closely with Mexico on common priorities and goals for the global economy,” said Minister Flaherty. “We discussed the ongoing situation in Europe and the role that international coordination can play to deal with instability and avert another global crisis.”

“We are fortunate in Canada to have a very sound financial system, as well as a credible plan to create jobs and growth and return to balanced budgets over the medium term through the Next Phase of Canada’s Economic Action Plan,” added Minister Flaherty. “However, Canada is not immune to outside pressures, which is why we continue to be prudent and to work closely with our G-20 partners.”

President Calderón has identified the following priorities for Mexico’s presidency of the G-20 in 2012:

  1. Economic stability and structural reform in support of growth and employment
  2. Global financial system reform and financial inclusion
  3. The international financial architecture
  4. Food security
  5. Sustainable development

“These priorities are also important to Canada, and we look forward to continuing to implement concrete actions to advance them so that we can create jobs and foster sustainable growth,” said Minister Flaherty.

For further information, media may contact:

Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

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