Implications of the G-20 Leaders Summit for Low Income Countries and the Global Economy

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Subcommittee on International Monetary Policy and Trade Hearing

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Testimony

On April 2, 2009, the leaders of the G20 nations gathered in London to address the global financial crisis which has gripped nearly every nation in the world. The resolution put forward by the leaders was broad and far reaching, both in its scope as measured by the actions proposed, but also in its inclusion of nations which we may have been tempted to ignore in the past. The very fact that the meetings in London were of the G20 leaders, plus representatives from other key emerging economies and international financial institutions, is a testament to the global nature of the crisis, and the imperative of a global approach to the solution.

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Posted : Wednesday 13 May 2009 | Managing Editor

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