日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

G20 summit helpful for reforms of int'l financial system

(Xinhua)
Updated: 2009-03-29 22:14

MEDELLIN -- The upcoming G20 summit in London will set the course for the establishment of a new international financial system, Ibero-American General Secretary Enrique Iglesias said.

The deteriorating international financial crisis is the biggest challenge facing the world, showing the current international financial mechanism has failed and must be adjusted, Iglesias told a meeting of the Inter-American Development Bank (IDB) in Medellin on Saturay.

Related readings:  G20 should urge reform of financial institutions  British FM: G20 needs more than empty words   Tens of thousands protest in London ahead of G20 summit

The London summit would be an important opportunity for making the first step in reforming the mechanism, he added.

The general secretary said new changes are taking place in the world political and economic situation with the development of the so-called BRIC countries including Brazil, Russia, India and China.

These emerging markets should have a bigger say in global economic issues, he said.

Iglesias said the measures to stimulate consumption and generate scientific innovation will help boost global economic development.

He also called for abandoning trade protectionism, broadening trade opening-up, and strengthening financial regulation.

The 50th annual meeting of the IDB,  which started here Friday and lasted till next Tuesday, drew the participation of financial ministers, central bank chiefs or senior representatives from 48 countries. High on the agenda of the meeting are impacts of the financial crisis, ways to sustain economic growth in Latin America and other issues.

Ibero-America includes 19 Spanish and Portuguese-speaking countries in Latin America, and Spain, Portugal and Andorra on the Iberian Peninsula in Europe.