Mar
27
G20 asked to establish a new fund totaling $ 100 billion
United Kingdom and Brazil have agreed that during the summit of G20 ( Big twenty) asked the major nations of the world to establish a new fund totaling $ 100 billion, which would help the development of world trade. Reported AFP.
Several hours earlier, Russian news agencies reported that British Prime Minister Gordon Brown discussed the upcoming G20 summit with President of Russia Dmitry Medvedev. According to official data, the parties came to the position of Great Britain and Russia are very similar, but specific proposals for the negotiations has not been announced.
Previously, several countries have submitted their plans to reform the global financial system. In particular, Russia and China proposed to discuss the possibility of creating a supranational currency, which decreases the dependence of the economy on the dollar. In the United States with this idea is not accepted, but Gordon Brown has already stated that this issue is unlikely to be widely discussed at the summit of Big twenty.
World trade has been affected by the global financial crisis. According to the World Trade Organization (WTO) announced in March, 2009, global turnover decline by nine percent. Earlier in the WTO assumed that the volume of trade fell to just 2.8 per cent.
At the summit, Big twenty in the UK renowned nations of the world will discuss the impact of the global financial crisis and ways out of it. The summit will be held in Britain in early April.