The president said the declaration shows that G20 nations can bridge their differences and coordinate approaches while continuing to focus on durable growth that puts people to work and broadens prosperity.

The G20 declaration recognizes U.S. concerns, saying that sustaining economic recovery requires nations to follow through on delivering existing stimulus plans, while working to create the conditions for robust private demand.

On other key issues, European nations such as Britain, France and Germany failed to win G20 agreement for new taxes on banks as part of efforts to discourage excessive risk-taking that could lead to another financial crisis. The declaration leaves such a tax up to individual members.

G20 nations pledge a medium-term phase out of what they call inefficient fossil fuel subsidies, although this would take into account what they call vulnerable groups and their development needs.

Where the world's poorest countries are concerned, the G20 says that narrowing the development gap and reducing poverty are integral to a broader objective of achieving strong, sustainable and balanced growth.

At the last of bilateral meetings at the G20, Mr. Obama met on Sunday with Indonesia's President Susilo Bambang Yudhoyono, India's Prime Minister Manmohan Singh and Japan's Prime Minister Naoto Kan.

President Obama discussed the U.S.-India Strategic Partnership, and joint efforts on climate change. Mr. Obama said he looks forward to his trip to India in November. Prime Minister Singh called President Obama a "role model for billions and billions of people" around the world.