London, Apr 2 (PTI) Leaders of world's top 20 rich and emerging economies, including Prime Minister Manmohan Singh, attended a breakfast meeting ahead of the opening of the G-20 Summit here today which will seek ways for supply of "oxygen of confidence" to the battered global economy.
US President Barack Obama and Singh were one of the first to be greeted by British Prime Minister Gordon Brown, who is also host of the day-long G-20 Summit, when they arrived at London's ExCel Conference center.
As world leaders grapple with differences on how to overcome the economic crisis, Singh had yesterday asked the industrialised nations not to "repeat past mistakes" of resorting to protectionism and favoured sharing information and bringing tax havens and non-cooperating jurisdictions under close scrutiny.
"An issue of vital concern to developing countries is the rise of protectionist sentiment in the industrialised world. This phenomenon is not surprising, given the downturn in economic activity and the rise in unemployment," Singh said in his remarks at the official dinner hosted by British Prime Minister Gordon Brown to leaders of the summit.
Obama has urged European countries to spend more to revive the economy. However, France and Germany have resisted, saying focus must be on stricter financial market regulations.
The US President and Brown have expressed confidence that the summit will come out with a strong agreement on tackling the economic crisis.
PTI
No comments:
Post a Comment