Date:27/11/2008 URL: http://www.thehindu.com/2008/11/27/stories/2008112759831300.htm

International

Next G-20 meet in London

Hasan Suroor

LONDON: The next summit of G-20 leaders to discuss the global economic crisis would be held in London on April 2, said British Prime Minister Gordon Brown on Wednesday.

U.S. President-elect Barack Obama, who stayed away from the Washington summit held earlier this month, is expected to attend. “I’ve talked to the incoming U.S. administration and President-elect Obama expects to come to Britain at that time,” Mr. Brown told the Commons.

Mr. Brown, who takes over the chairmanship of the G-20 group of developed and emerging economies next year, said the conference would deal with “major questions of economic action that are necessary.” Some of the major areas likely to be discussed are greater regulation of the financial markets and a review of corporate practices such as “fat cat” perks.

The summit will also review the progress on promises made at the Washington meeting.