G20 policymakers remain divided on how to scale back fiscal and monetary stimulus programs at the
ongoing G20 Finance Minister and Central Bank Governor Meeting here.
However, they emphasized the importance of continuing the stimulus for now.
Finance ministers and central bankers from the Group of 20 agreed that it was too early to remove the life-support stimulus because of the risks and uncertainties in the process of global economic recovery and growth.
Countries such as the United States., Japan and Germany, which have already pulled out of the recession, wanted to discuss ending measures to
boost growth.
While Britain, still mired in recession, was quite cautious on the timing of removing the stimulus.
Britain's Chancellor of the Exchequer, Alistair Darling, said the G20 should develop a way to tackle asset-price bubbles as the global leading economies recover.
Economists were also worried that the inflows of excessive liquidity would produce unproductive speculation.
The International Monetary Fund (IMF) said in a report that the global recovery was still fragile and dependent on the massive injections of public money around the world and the timing of the exit from stimulus should depend on the state of the economy.
The IMF also showed concerns about government finances. It said the British government's high debt would become a major obstacle hampering the
process of its economic recovery.
At the meeting, G20 policymakers urged progress on climate change financing, but at the same time they warned there were a lot of difficulties for so many countries to reach an agreement on the issue.
Lttle progress was made on mitigation, adaptation and financing support
at United Nations-sponsored climate change talks in Barcelona, which ended on Friday.
Though not listed as a major topic at the meeting, the G20 policymakers have shown concern over the weakness of the U.S. dollar and strength of the euro and yen.
A communique will be issued after the meeting ends on Saturday afternoon.
It is the third time Britain has hosted the G20 Finance Ministers and Central Bank Meeting this year.