Finance ministers from the G20 nations are poised to endorse Europe's plans to stem the eurozone debt crisis as they meet in Busan, South Korea this weekend.
They will also discuss the need for common standards across financial markets, including a global bank tax, the BBC reports.
The levy is supported by the US and Europe, but opposed by some developing nations as well as Canada and Australia.
World markets have been hit in recent months by concerns over Europe's debt crisis. The crisis led to the EU approving a £651bn emergency package to stabilise the troubled euro.
Speaking ahead of the meeting, Sakong Il, chairman of the presidential committee for the G20, said: "Regarding the current crisis, the G20 is very vigilant on developments and supports the initiatives made by the EU and the IMF to remedy the problem."
US Treasury Secretary Timothy Geithner added the global economy was strong enough to ride out Europe's troubles.
"We have a moderate but pretty solid recovery in place," he told CNBC television.
This weekend's meeting comes ahead of a summit of G20 leaders in Toronto on 26-27 June.
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