Leaders of the world's top 20 economies have wrapped up a two-day summit in Washington with pledges to boost global growth and overhaul the financial system.
They agreed on an action plan that envisages more government spending, a global free-trade deal, and a reform of financial regulations and financial institutions. G20 finance ministers have been instructed to draw up concrete and detailed reform proposals by March 31 to be brought before a new summit, possibly in London.
German Chancellor Angela Merkel has welcomed the outcome of the summit, saying it was a reasonable and adequate response to the financial crisis.
Saturday's meeting included the leaders of new heavyweights such as China, India and Brazil. Africa's ECOWAS community has called on the G20 to ensure that Africa has a say in revamping the World Bank and the International Monetary Fund.
No comments:
Post a Comment