The MAP working group was formed to provide the G-20 with a framework for strong, sustainable and balanced growth. Global co-ordination and global responses are required given the nature of the challenges we are facing, but that does not necessarily always imply uniform measures and synchronised timing. Country-specific circumstances must continue to be taken into account. 7.
Conclusion  Although the worst of the sub-prime crisis is behind us, it has left behind a legacy of indebted nations, which will complicate the future conduct of both fiscal and monetary policy. These challenges, unless adequately addressed, could derail the nascent global economic recovery.