Leaders comments on G20 communique

WASHINGTON (Reuters) - Leaders of advanced and major developing countries agreed on Saturday to act rapidly to restart growth, regulate finance and give emerging markets more say in running the world economy.

Below are comments they made after the Group of 20 released its communique on financial markets and the world economy.

JAPANESE PRIME MINISTER TARO ASO

- On creating a new order: "It is the worst crisis in 100 years but the crisis could be a chance at the same time. History tells us that when we overcome crisis, a new order is created. We should not be just flustered by the crisis. The crisis in 1929 led to the outcome (that it did) because we were flustered. But it is different this time because we have a framework for cooperation."

- On IMF resources: "I have said that I would welcome similar offers of loans to the IMF from countries with big foreign reserves such as oil-producing countries and China, but they did not comment on this at the meeting. But China does not usually offer immediate reaction at these kinds of meetings and rather they will usually bring proposals back home to discuss before making comments or signing deals. So, no comment from them at this time does not mean they will not join us. So I hope they will join eventually."

SENIOR U.S. ADMINISTRATION OFFICIALS

- On fiscal action: "There was a great deal of discussion around this within the context of a lot of fiscal action (that) has been taken by a number of countries just in the last two weeks."

"What became very clear in the course of the discussion is despite the fact that we're all coming together and all being affected by this crisis in very significant ways, everybody is at a different stage in terms of what they're dealing with ... there was a recognition that fiscal measures and pro-growth policies as a general proposition are a very important part of the response and a number of countries are in different stages of thinking about how to do that and there was an emphasis placed on ensuring that stimulus was true stimulus in the sense that it had a near-term impact."

- On next G20 summit: "There will be another meeting of leaders by the end of April ... There was no discussion about who would be attending the next meeting. The assumption of course is that ... the leaders of the G20 would be there, but whether there would be additional leaders, that would be open for discussion."

"They agreed on when it would be held. It was not really discussed where it would be held. There were a number of countries that expressed an interest in hosting."

- Asked whether the United States could envisage the G20 dictating to the financial services industry appropriate forms of compensation: "No. I don't think that was certainly the tone of the discussion. I don't think there was ever an actual proposal along the lines of what you just described."

RUSSIAN PRESIDENT DMITRY MEDVEDEV

On relations with the U.S.: "U.S.-Russian relations lack the needed mutual trust. We pin such hopes (of restoring trust) to the arrival of the new U.S. administration."

CANADIAN PRIME MINISTER STEPHEN HARPER

- On dangers of protectionism: "History tells us the biggest danger in a time of global slowdown is a rise in protectionist sentiment and sentiment in action. There's nothing that could plunge the world into a long-time worldwide depression like protectionist action."

- On monetary and fiscal stimulus: "There's a view coming out of this meeting, very strongly I can tell you ... that monetary policy alone will not be sufficient to take the global economy through this crisis. There will have to be fiscal action, and there will have to be additional fiscal action." He said Canada was in a better position than many because it was running a budget surplus: "We will do what we have to do to contribute to boosting global demand ... We'll obviously be looking at additional (fiscal) actions ourselves."