G20 announced the next challenges

Ministers of the most developed 20 countries  said that the global economy is recovering faster than it was expected.

Ministers of finance of G20 and the governors of Central Banks of 20 most rich countries met in South Korea.  They concluded that financial instability during last times shows that the global economy has still challenges to face.

They said that the high budget deficits should be reduced but they did not agree regarding to create a banking fond which would help the countries which will have problems in the future.

A global tax is supported by US and Europe but it is not acceptable for countries such as Canada and Australia.

In this meeting also were drafted the agenda of the next meeting which will be held on 26-27 June in Toronto.

On their statement all parts said that the financial sector should give a "righteous and substantial contribution" for next saving packs.

Ministres also demanded more transparency , supervising of the financial funds, and other policy issues.