This week, at the annual G20 summit, leading and emerging nations have agreed to agree to refrain from currency moves that would hurt each other's economies, according to a draft statement. The G20 is a group of finance ministers and central bank governors of 19 national economies and the European Union. The chief executives of the International Monetary Fund (IMF) and the World Bank also have seats at the table. This year's G20 summit is hosted by the U.K. Treasury in London. According to a draft document, the leaders will "commit to conduct our economic policies responsibly with regard to the impact on other countries and to refrain from competitive devaluation of our currencies." The G20 is also considering increasing support for the IMF and multilateral development banks and for trade finance. The leaders have committed to a sustained effort to restore global economic growth while ensuring long-run fiscal sustainability. Before the summit, U.S. leaders asked for more global stimulus activity, while European leaders denied statements that they are doing less than the U.S. to stimulate the global economy. So far, G20 central banks have stated their intention to leverage monetary policies, including unconventional policy instruments, as long as they are consistent with price stability. Summit leaders have agreed to avoid protectionist policies.