World finance leaders are set to say on Friday that the world's economy is recovering from the credit crisis but the pace of recovery is uneven among countries, a G20 source said.

A draft communique for a meeting of G20 finance ministers and central bank governors will also refer to a new mechanism for balancing growth in the global economy although it will not refer to country-specific measures, the source said.

(Reporting by Francesca Landini, writing by William Schomberg; editing by Patrick Graham)