Charles Dallara, Managing Director of the Institute of International Finance, stressed today that although global economic recovery has gained momentum in recent months, conditions remain fragile. He said, “Given the range of important macroeconomic policy and financial regulatory challenges we face it is essential that regional and national policy approaches now be strengthened and concerted by Group of 20 leadership. There is a need for more effective policy coordination led by the G20 on such key issues as exchange rates, high budget deficits and debt in numerous mature economies, mounting inflationary pressures in some emerging markets, as well as on outstanding major financial regulatory reforms.”