WORLD TRADE ORGANIZATION  
ORGANISATION MONDIALE DU COMMERCE  
ORGANIZACIÓN MUNDIAL DEL COMERCIO  WT/TF/COH/26 
26 October 2007 
 (07-4640) 
 Original:   English/ 
 anglais/  inglés 
 
 
COHERENCE IN GLOBAL ECONOMIC POLICY-MAKING:  WTO  
COOPERATION WITH THE IMF AND THE WORLD BANK 
 
Extracts
1 relating to trade from the communiqués of the Intergovernmental Group of  
Twenty-Four on International Monetary Affairs a nd Development, the G-7 Finance Ministers and  
Central Bank Governors, the Internati onal Monetary and Financial Committee  
of the Board of Governors of the International Monetary Fund , 
and the Development Committee , 
19-21 October 2007  
 
 
 
 
COHÉRENCE DANS L'ÉLABORATION DES POLITIQUES ÉCONOMIQUES 
AU NIVEAU MONDIAL:  COOPÉRATION DE L'OMC AVEC 
LE FMI ET LA BANQUE MONDIALE 
 
Extraits1 relatifs au commerce des communiqués du Groupe intergouvernemental des  
Vingt-Quatre pour les questions monétaires internationales et le développement,  
des ministres des finances et des gouverneurs de banque centrale du Groupe  
des Sept, du Comité monétaire et financier international du Conseil  
des gouverneurs du Fonds monétaire international  
et du Comité du développement  
19-21 octobre 2007  
  
  
COHERENCIA EN LA FORMULACIÓN DE LAS POLÍTICAS ECONÓMICAS  
A ESCALA MUNDIAL:  COOPERACIÓN DE LA OMC CON EL FMI  
Y EL BANCO MUNDIAL 
 
Extractos
1 relativos al comercio tomados de lo s comunicados del Grupo Intergubernamental  
de los Veinticuatro para Asuntos Monetarios  Internacionales y Desarrollo, los Ministros  
de Hacienda y los Gobernadores de los Bancos Centrales del  
Grupo de los Siete, el Comité Monetario y Financiero  
Internacional de la Junta de Gobernadores  
del Fondo Monetario Internacional  
y el Comité para el Desarrollo ,  
19-21 de octubre de 2007  
 
 
                                                      
1In English only./En anglais seulement./En inglés solamente. 
 WT/TF/COH/26 
Page 2  
 
  I. INTERGOVERNMENTAL GROUP OF TW ENTY-FOUR ON INTERNATIONAL 
MONETARY AFFAIRS AND DEVELOPMENT, COMMUNIQUÉ, 19 OCTOBER 2007 
Extract:  Financial Market Turbulence and Economic Outlook  
  Ministers expressed concern about the rising sentiment of protectionism in trade and 
investment in advanced countries and cautioned ag ainst measures that impede countries' integration 
into the global financial system. They underlin ed the importance and urgency of a successful 
conclusion of the multilateral trade negotiations and called upon the IM F and the World Bank to work 
with the WTO in making a strong case for the elimin ation of agricultural subsidies and improvement 
in market access by advanced countries. 
  
II. STATEMENT BY G-7 FINANCE MINISTERS AND CENTRAL BANK 
GOVERNORS, 19 OCTOBER 2007 
Extract: 
 
 We remain committed to doing our part in sust aining strong global growth. We have acted 
resolutely to protect the systemic stability of global financial markets, and monetary policy must remain vigilant in maintaining price stability. We will continue to pursue medium term structural reforms and fiscal discipline. Technological change and openness to trade and investment are 
essential for our prosperity in a globalized worl d. We are committed to resisting protectionist 
pressures and to a successful conclusion of the D oha Development round that results in significant 
new trade flows in the key areas of agriculture, non-agriculture market access and services, especially 
financial services. Trade liberalization and Aid fo r Trade are critical for global poverty reduction. 
 
 
III. INTERNATIONAL MONETA RY AND FINANCIAL COMMITTEE OF THE BOARD 
OF GOVERNORS OF THE INTERNATIONAL MONETARY FUND – COMMUNIQUÉ, 20 OCTOBER 2007 
Extract:  The Global Economy and Financial Markets – Outlook, Risks, and Policy Responses 
 
 The Committee underlines the importance of furt her action to strengthen the foundations for 
sustained high growth over the medium term. Many countries need to pursue ambitious medium-term fiscal consolidation plans to address pressures on social spending arising from population aging. 
Structural reforms to take full advantage of  the opportunities provided by globalization and 
technological advances should include further libera lization of service sectors in advanced economies, 
as well as further actions to improve infrastructur e and the business environment and develop a sound 
financial sector in emerging market and other developing countries. To address growing income disparities, the Committee stresses the importance of  strengthening education,  creating jobs in the 
most dynamic sectors, pursuing well-designed tax policies, and providing adequate safety nets. 
Further trade opening, improved access to markets, and fulfilment of aid commitments by donors will 
be key to sustaining their robust growth performance. 
 
 The Committee expresses concern with the continued lack of progress with the Doha multilateral trade round, and urges WTO members to work toward a prompt and ambitious conclusion 
of the Doha Round trade negotiations la unched in 2001 as a development round. 
   WT/TF/COH/26 
 Page 3 
 
 
  IV. DEVELOPMENT COMMITTEE – COMMUNIQUÉ, 21 OCTOBER 2007 
Extract: 
 
We reiterated our strong support for intensif ied efforts to agree on an ambitious pro-
development Doha Round.  We stressed the need  to integrate trade and competitiveness within 
national development strategies, while stepping up support for Aid for Trade, as proposed by the Bank 
and Fund.  
 
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