economic crisis
G-20 Leaders Huddle Around Global Economic Crisis
Posted on November 13, 2008 by Claire Adamsick
UN Secretary-General Ban Ki-moon. Photo: Thomas Hawk (flickr)
Leaders of the world’s 20 major trading countries will meet November 15 to hash out reforms to the international financial system in the wake of an economic crisis that has shattered stock markets and balance sheets.
The BBC says Europe will make the case for new rules on banking supervision and will propose an IMF bailout package, but it points to the important role of China as well as emerging economies at the table.
UN Secretary-General Ban Ki-moon plans to attend the meeting, and says he'll urge leaders to focus on the plight of the world's poor. "We must do everything we can to alleviate the impact of the economic crisis on world's most vulnerable people," Ban told reporters.
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