UK Welcoming G20
Thursday, March 26, 2009 10:20
The G-20 has contributed to strengthen the international financial architecture and to foster sustainable economic growth and development. Now the summit is playing a key role in driving forward work between advanced and emerging economies to tackle the international financial and economic crisis, restoring worldwide financial stability, leading the international economic recovery and securing a sustainable future for all countries.
This year, while the financial markets and the world economy continue to face serious global challenges and the severity of the crisis and ongoing uncertainties demonstrate the need for urgent action, the UK is honoured to chair the Group of Twenty summit in London in early April.
This time, the G-20 will need to send out a strong signal to the public that it is prepared to take whatever further actions are necessary to stabilise the financial system and to provide further macroeconomic support. Meanwhile, it must also commit to maintaining open trade and investment, in order to avoid a retreat to protectionism, and direct necessary additional support to emerging markets and developing countries.
Related posts:
- EU Ministers Reply to the Economic Crisis
EU finance ministers have for the need to agree a... - Businesses Urge Quantum Leap to Beat Crisis
Facing the deep crisis of confidence on international markets, business... - Emerging Opportunities in New Markets
Morgan Stanley, the investment bank, predicted last week that the... - TUC Gets Millions from Government Foreign Aid Pot
The Government is giving the Trades Union Congress millions of... - Global Clash Over Economy
Global econoic co-operation was in disarray and further battles in...
