G20 leaders are set to reiterate a pledge to avoid protectionism and complete stalled global trade talks at their April 2 summit this week in London, but offer little in economic stimulus plans. A draft of the summit’s final communiqué, obtained by the FT, does not contain specific plans for fiscal stimulus, although it agrees to increase IMF resources and to bring hedge funds under oversight of a new Financial Stability Board to include all G20 members. Non-co-operative tax havens will face unspecified sanctions and be named in a document to be published at the summit.
