G20 finance ministers and central bank governors arrived in Britain Friday to hold discussions over how to deal with current financial crisis. The formal meeting will be held Saturday.
The G20 Finance Minister and Central Bank Governor Meeting, held in Horsham, southern part of England, and hosted by Alistair Darling, Chancellor of UK, is considered as a preparatory one to pave the way for G20 London Summit on April 2 with the topic of "stability, growth and jobs."
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Britain's Finance Minister Alistair Darling arrives for the G20 Finance Ministers meeting at a hotel, near Horsham, in southern England March 13, 2009. [Xinhua/Reuters Photo]
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On Friday evening and Saturday, the finance ministers and central bank governors from both advanced economies and emerging and developing economies, will discuss such important issues as how to take short-term and long-term measures to deal with financial and economic crisis, how to reshape the global financial system and how to improve the role of the international financial institutions including International Monetary Fund.
Xie Xuren, China's Finance Minister, and Zhou Xiaochuan, Governor of China's central bank have arrived here, and they will set forth China's standpoints over such issues as how to increase the voice of emerging and developing economies in the international financial system, which is to be reshaped, and how to fight against trade and financial protectionism at the meeting.