Leaders urge world finance reform

[Eugene]

Source: BBC News

Page last updated at 12:03 GMT, Saturday,
25 October 2008 13:03 UK

Leaders urge world finance reform

Asian and European leaders have called for
comprehensive reform of the global financial system.

Ending a summit in Beijing, they also urged the
International Monetary Fund (IMF) to play a greater
role in helping countries hit by the market turmoil.

-snip-

Chinese Prime Minister Wen Jiabao said Beijing would
take an active role at a summit of world leaders to
be held in Washington next month.

-snip-

The final statement of the two-day meeting also said:
"Leaders agreed that the IMF should play a critical
role in assisting countries seriously affected by the
crisis, upon their request."

-snip-

Read more: http://news.bbc.co.uk/2/hi/asia-pacific/7690730.stm

---

Related: Asia, Europe close ranks to ease financial crisis - Reuters

[jwirr]

1. While I see the need for this I wonder if IMF has learned anything

from the mess we are in. They have tried to help developing nations by turning them into cheap labor for corporations while destroying their self-sufficiency by pitting local farmers and industries against US farmers,industries, etc.

If the IMF really wants to help their goal should be to create a self-sustained base in each country of this world. It isn't about global trade as much as it is about being able to create a sustainable economy for the people of each nation. Then and only then will we as a world be able to face the issues such as global warming and oil depletion.