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“The G20 endorsed several initiatives underway to support the stability and resilience of the international financial architecture. This included support for further strengthening of the global financial safety net, with an adequately financed IMF at its center and equipped with a more effective toolkit.
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This would also involve even greater cooperation between the IMF and regional financing arrangements, such as the Chiang Mai Initiative. “Regarding IMF resources, I am heartened that the G20 leaders supported maintaining access to bilateral and multilateral borrowing arrangements, in line with the objective of preserving the IMF’s current lending capacity. I especially appreciated the G20's call for broad participation of the IMF membership in this effort, including through new agreements. And I am pleased that some countries have already indicated their willingness to make commitments. This should help provide confidence that the IMF will continue to have the capacity to address the needs of its membership. “G20 leaders welcomed the entry-into-effect of the IMF's 14th review of quota reforms--which represent a major step toward reflecting the increasing role of dynamic emerging market countries in the Fund's governance--and working towards completion of the 15th review by the 2017 Annual Meetings. The G20 also welcomed the inclusion of the Renminbi into the SDR (Special Drawing Right) currency basket as of October 1st--an important milestone that will help strengthen the international monetary system as well as China's role in the global economy. More generally, the G20 supported the ongoing exploration of broader use of the SDR. “Finally, I would again like to thank our Chinese hosts for their truly wonderful hospitality. The IMF looks forward to working closely with the German Presidency of the G20 in 2017. "