The two-day G20 meeting of financial ministers and central bank chiefs continued on Saturday in Gyeongju.

In the morning, the members of the gathering addressed the agendas of imbalances in global trade, exchange rates, and ways to reform the International Monetary Fund (IMF).

Topics expected to be discussed in the afternoon include bank reform and the sealing of the "Korean Initiative" that seeks to create a global financial safety net to prevent another financial crisis.

There were active debates on the most prominent issue of exchange rates on Saturday as well as on Friday.

The G7 advanced industrialized nations, who met on the sidelines of the ministerial meeting on Friday, said they had come to an agreement on the exchange rate issue and conveyed this to South Korea, the chair of the G20 meeting.

The ministerial meeting will be wrapped up following a joint declaration by the participating nations.