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Speaking at the end of the summit, Australian Prime Minister Tony Abbott said countries will hold each other accountable by monitoring implementation of their commitments to boost growth. The G-20, criticized in recent years as being all talk and no action, was urged to deliver measurable results this year. Perhaps in response, the group said the International Monetary Fund will also play a role in monitoring progress and estimating the economic benefits of the growth plan. IMF Managing Director Christine Lagarde dismissed concerns that countries might fudge their growth figures, saying the monitoring is a thorough and detailed process. โWeโll make sure they keep their feet to the fire,โ she said. The G-20 communique says that if the $2 trillion initiative is fully implemented, it will lift global GDP by 2.1 percent above expected levels by 2018 and create millions of jobs.
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