G20 must do more on financial supervision: IMF head

International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn speaks to the media during a news conference after the G20 Finance Ministers and Central Bank Governors meeting in Gyeongju October 23, 2010. – Reuters Photo

AGADIR: The Group of 20 leading economies must do more to strengthen international supervision of the financial sector, International Monetary Fund chief Dominique Strauss-Kahn said on Monday.

G20 leaders are due to meet in South Korea on Nov. 11-12 for a summit which is expected to focus on tackling imbalances in the world economy and reducing the risk of a currency war.

Speaking at a conference on human development in the Moroccan city of Agadir, Strauss-Kahn said the financial sector — blamed by many for triggering the global economic downturn — also remained a preoccupation.