PITTSBURGH (Reuters) - Group of 20 leaders on Friday designated themselves as the new forum for steering the world economy, ending the long reign of the G7 as the preeminent committee for guiding global growth:
"We designate the G-20 to be the premier forum for our international economic cooperation," the leaders said in a communique after a two-day summit. "We established the Financial Stability Board to include major emerging economies and welcome its efforts to coordinate and monitor progress in strengthening financial regulation."
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