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GYEONGJU, Korea South - major developed and emerging countries promised world Saturday to avoid potentially debilitating devaluation of the currency to trade tensions which could threaten the global recovery.

The Group of 20 has also stated continue policies aimed at reducing trade imbalances and account current that threaten the economic recovery and has agreed to provide developing countries say the international monetary fund, part of what he described as an ambitious set of proposals to reform IMF governance.

Grouping, which represents about 85% of the global economy, said in a statement that he "shift to exchange rate for the specified market systems more" and "refrain from competitive devaluation of currencies.

The agreement comes in the middle of the fears that nations were in the war of the currency in which they would be devaluing currencies to gain an advantage of the exportation on competitors - causing an increase in protectionism and damage to the global economy.

"Our cooperation is essential," said the statement. "We are all committed to our role in the achievement of growth strong, sustainable and balanced cooperative and coordinated manner.?

Agreement, which includes some specific commitments digital seems to be a similar progress meeting two weeks earlier in Washington when finance officials failed to settle the dispute.

US Secretary of the Treasury Timothy Geithner welcomed results in part appellant needed changes to the work of the global economy.

"If the world economy will grow at a strong, sustainable pace in the future, if we want to succeed in the construction of a more stable international financial system and we want to be able to continue to increase opportunities Exchange and to preserve an open trading system, then we need to work to achieve more balance in the profile of global growth recover us from the crisis,"he told journalists.""

Geithner was pushed in a letter to members of the G-20 for a commitment to policies that would reduce the current account imbalances and trade below "a specified share"of the gross domestic product "at the course." "" next few years

But the G-20 statement said that major imbalances - such as surplus vast China's trade with the rest of the world – would be "assessed against indicative guidelines to agree."Proposal of Geithner was resistance from export-dependent countries such as the Japan.

Geithner, however, said Saturday that the United States was not pushing for specific quantitative objectives and that the position of the country found substantial support for the G-20.

The Minister of finance Japanese Yoshihiko Noda, Friday, the idea of any of the targets called "unrealistic", urged a cautious approach to any number, although it supports "directives".

"There are many views on the question of the current account," he said. "Each country has a different situation when it comes to surpluses and déficits.Il need to consider this carefully.?

The Nations of Asia and other regions tried to limit the strength of their currencies in the midst of a weak supported US dollar fear their exports will become less competitive on world markets.At the same time, China's currency was actually arrimée dollar, causing an uproar that it is kept artificially China exporters down and giving an unfair advantage.

A shift for the Asian to become less dependent on exports to growth is regarded as one of the adjustments that countries should make to the slowdown in the last year in order to ensure more stability in the global economy and the marchés.Plus strong currencies, meanwhile, make cheaper imported goods and boost domestic spending as a factor of economic growth.

The G-20, which since 1999 and includes rich and emerging countries assumed global economic leadership role due to the crisis financière.Le Group of seven nations of pointing to the criticism that he was too narrow a forum and failed represent the voices of China and other countries as the India fast-growing.

Since the crisis, the G-20 continued major reforms to the global economy and financial system, such as attempting to coordinate economic and political interest rates to stimulate growth and to forge a stricter regulation of banks and other financial institutions responsible for the collapse.

Meetings come ahead of a Summit of the G-20 in Seoul set for November 11-12, when the leaders will examine the agreements signed by officials finance as well as other proposals aimed at strengthening the global economy.

Finance Minister Jim Flaherty has praised the commitments on currencies.

"Those who are achievements", said, he added that there is "more work to do here in Seoul on this issue," referring to the G - 20 Summit.

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Associated press writers Kwang - tae Kim and Mr. a. and contributed to this report.

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