Major Economic Powers to Focus On Global Recovery

30 March, 2009 in Africa

source: allAfrica
Andrzej Zwaniecki
27 March 2009

A boost in international emergency funds and agreement on financial-markets oversight likely will be among the concrete results of the April 2 meeting of the world’s major economic powers.

Leaders of developed and developing economies that make up the Group of 20 (G20) are scheduled to meet April 2 in London to consider measures aimed at addressing the recession and financial crisis. Worsening economic conditions have added urgency to the meeting, which is expected to build on the principles agreed to by the leaders at their November 2008 meeting in Washington.

The final document of the London summit is likely to be more action-oriented, observers say, but its language broad enough to make sure that everybody agrees.

“Nothing forceful can emerge from such a large group with divergent views,” said Adam Lerrick, a senior scholar at the American Enterprise Institute, a policy research group in Washington.

Lerrick, like many, expects one of the few concrete results to be [continue reading]

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