Developed economies should do more to ensure that emerging economies have a greater say in the International Monetary Fund (IMF), with China’s increased voting power reflecting the real role of the nation’s economy, said Dominique Strauss-Kahn, the IMF’s managing director. Speaking at a press briefing at the end of the G20 summit, Strauss-Kahn said that [...]
Leaders of the G20 nations and organizations arrived in Toronto with divergent agendas. But they ended their two days of discussions with the “spirit of unity” that Chinese President Hu Jintao called for in his address to the G20 summit. The final document – the G20 Toronto Summit Declaration – leaves room for the economies [...]
The meeting of the G20 finance ministers and central bank governors on Saturday ended in South Korea’s southeastern port city of Busan, leading to a joint communique calling for member countries’ continued efforts on financial reform. In the face of the lingering eurozone fiscal debt risks, financial leaders of the 20 member countries had in-depth [...]
G20 finance ministers and central bankers will endorse efforts to douse the euro zone’s debt crisis but are far apart on the contentious issue of a global bank levy, a senior South Korean official said on Friday. Speaking before the start of two days of talks bringing together the world’s top developed and emerging economies, [...]
Finance officials from leading advanced and emerging countries began talks Thursday aimed at hammering out reforms to the global economic system to prevent debilitating crises such as the one that dragged the world to the verge of a depression in 2008. Founded in 1999, the Group of 20 shot into the limelight in late 2008 [...]
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