Tuesday, March 31, 2009

G20 to address global recession

By Mikhaila Crowie
31 March 2009


South African President Kgalema Motlanthe has departed for London today to join world leaders at the G20 Summit scheduled for Thursday.

Host, British Prime Minister Gordon Brown, wants the gathering to focus on cleaning up the world’s banking system.

Virtually no-one has been untouched by the world economic crisis and the London meeting will be aimed at finding a solution.

Foreign Affairs' Nomfanelo Kota said our country’s participation takes place within the context of the country’s continued commitment to the reform of the global financial architecture.

“Previously our Foreign Minister Dr. Dlamini Zuma had indicated that as the G20 countries look at the packages to salvage their own economies they must also think about the economies of the developing countries particularly in Africa.”

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