In-person classes suspended in Jeddah and Rabigh schools on Tuesday amid issuance of a red alert    Al-Sharaa places a piece of Kaaba's Kiswa, presented by Saudi Crown Prince, at Umayyad Mosque    Saudi economy records 4.8% growth during Q3 2025    Riyadh–Doha high-speed train: What the new project will deliver in six years    Digitect and BBD Perfect Storm announce Exclusive Strategic Partnership    Saudi Crown Prince, French President discuss over phone efforts to achieve regional security    Crown Prince and Emir of Qatar co-chair Saudi-Qatari Coordination Council meeting in Riyadh    HONOR and Rotana Music Group announce Strategic Partnership, capturing unrepeatable moments at "Mohamed Abdo Sha'biyat Night"    Thousands flee Thai-Cambodia border after deadly clashes    Inside Saudi Arabia's next great digital leap    Benin coup thwarted by loyalist troops, president tells nation    Ukraine peace talks in Miami end with lingering questions over security guarantees and territory    Netanyahu says second phase of ceasefire expected 'very shortly' during Merz visit to Israel    Mohamed Salah says Liverpool have "thrown him under the bus" as relationship with Slot collapses    Saudi creatives shine in Starbucks Design Competition celebrating Year of the Handicraft    Trump presents Kennedy Center honors, calls 2025 class 'most accomplished ever'    Who are the early favourites for the 2026 World Cup? Form, data and draw analysis    Saudi Arabia advance to Arab Cup quarterfinals with 3-1 win over Comoros    Saudi Arabia drawn with Spain, Uruguay and Cape Verde in 2026 World Cup Group H    Netflix to buy Warner Bros film and streaming businesses    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Developing countries want G20 to refocus on world
Published in The Saudi Gazette on 06 - 11 - 2011

20 summit was dominated by Europe's debt crisis, but developing countries want the grouping of major economies to refocus on a bigger global agenda that includes creating jobs, improving farming and fighting climate change.
China, Brazil and other rising powers won a bigger voice in US - and European - dominated global affairs following the 2008 financial crisis.
But flare-ups in the eurozone have distracted leaders from what they say should be efforts to reform global finance and improve life in poorer societies.
Now, as Mexico succeeds France as leader of the G-20, developing countries are pushing for more attention to long-term changes aimed at making the global economic system more equitable, increasing investment in Africa, making farming more productive and stimulating investment and trade.
“The key issue is not to allow the G-20 to be overwhelmed by the crisis in Europe,” said Mac Maharaj, a spokesman for South African President Jacob Zuma. Instead, “it should attempt to come up with a plan that incorporates bringing about growth in developing countries.”
The two-day G-20 summit in this Mediterranean resort was dominated by rapid-fire developments in debt-ridden Greece's chaotic politics and talk of how to strengthen the International Monetary Fund, both to play a bigger role in a European bailout and to help shaky economies elsewhere.
A joint communique issued Friday promised to reform financial industries to prevent a repeat of excesses that have prompted protests; invest in research to improve farm productivity; reform energy subsidies that encourage waste; and create jobs for young people.
But the financial crisis might mean governments are not paying enough attention to the long term, said Daniel Schwanen, an economist at Canada's Center for International Governance Innovation, a think tank.


Clic here to read the story from its source.