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Brown sets April date for G20 meeting in London - Summary


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Wed, 26 Nov 2008 10:25
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London - Leaders from the Group of 20 (G20) nations will hold a summit meeting in London on April 2 next year to address the global economic crisis, British Prime Minister Gordon Brown said Wednesday. Future US President Barack Obama would attend the meeting of leaders of top industrial nations and emerging economies, which follows a G20 summit in Washington in mid-November.

That meeting, hailed as "historic" by Brown, agreed on an action plan for the improved regulation and greater transparency of world financial markets in the global age, while pledging to bolster government spending to spur economic growth.

In Washington, the world leaders agreed to work out specifics of the proposals adopted for the follow-up meeting.

Reform of institutions such as the World Bank and the International Monetary Fund (IMF) were also discussed.

Brown said the G20 leaders would debate "major questions of economic action" that were required to help the faltering world economy.

"I have talked to the incoming US administration and President- elect Obama expects to come to Britain at that time," Brown told parliament.

"I can tell the House today that we have agreed with our international partners, and particularly with Japan, which is the current president of the G8...that the next meeting of the G20 will be held in London," Brown said.


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