G20 leaders reaffirm commitment to cooperation to tackle global economic challenges

BALI, Indonesia -- The leaders of the Group of 20 (G20) reaffirmed here Wednesday their commitment to cooperation to address serious global economic challenges.

In a declaration adopted at the end of the 17th G20 Summit, the G20 leaders said that collectively they carry responsibilities, and their cooperation is necessary for global economic recovery, tackling global challenges and laying the foundation for strong, sustainable, balanced, and inclusive growth.

It is essential to uphold international law and the multilateral system that safeguards peace and stability, they said, stressing that peaceful resolution of conflicts, efforts to address crises as well as diplomacy and dialogue are vital.