Thu, August 19, 2010

2008 G-20 Summit

G20 leaders hail global financial summit, vow to salvage economy

Leaders who attended the G20 financial summit hailed the historic meeting on Saturday for laying a foundation for a more coordinated global response system to the world economic crisis. Full story

BACKGROUND

ABOUT G-20

G-20 Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss issues in global economy.

POLL

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BACKGROUND: What is the G20 group of nations?

GMT SINA.com The world leaders meeting this weekend in Washington at an emergency finance summit amidst the worst crisis since the Great Depression have a loose affiliation with each other under the Group of 20, the so-called G20. The group grew out of the financial crises of the 1990s - like Mexico's - and was founded in 1999 with the aim of including emerging market countries which had been excluded from the "core of global economic discussion and governance," the G20 wrote on its website.

ABOUT G-20

GMT SINA.com The Group of Twenty (G-20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. The inaugural meeting of the G-20 took place in Berlin, on December 15–16, 1999, hosted by German and Canadian finance ministers.