Finance Ministers and Central Bank Governors of the Group of 20 on Monday pledged to take all necessary measures to support financial stability and economic growth, in a joint statement issued by the French finance ministry.

"We, the Finance Ministers and Central Bank Governors of the G-20,affirm our commitment to take all necessary initiatives in a coordinated way to support financial stability and to foster stronger economic growth in a spirit of cooperation and confidence," the statement said.

The statement came after a series of discussions between finance ministers and central bank governors of the G20 nations during the weekend.

France now chairs the 2011 G20 forum, with a summit to be held in November.

"We will remain in close contact throughout the coming weeks and cooperate as appropriate, ready to take action to ensure financial stability and liquidity in financial markets," the brief statement added.

"Moreover, we will continue to work intensively to achieve concrete results in support of strong, sustainable and balanced growth in the context of the G20 Framework for Growth," it continued.