ID :
82022
Mon, 09/28/2009 - 00:13
Auther :

PM returns home after attending G-20 summit in US

New Delhi, Sep 27 (PTI) India's Prime Minister Manmohan
Singh arrived here in the national capital New Delhi Sunday
after attending the G-20 summit in Pittsburg in the US, during
which leaders of the world's richest and most influential
countries resolved to continue the stimulus for the
recession-hit global economy.

The summit also agreed to improve the voting rights of
emerging economies like India in multilateral financial
institutions and to take new steps against illicit outflows.

The Prime Minister, who was in Pittsburg for two days as
part of his four-day stay abroad, addressed the G-20 Summit
hosted by US President Barack Obama.

In his speech, he warned against "premature" withdrawal
of the stimulus package for revival of the global economy hit
by the worst crisis since the Great Depression.

India scored a major victory at the summit when its
demand for increasing the voting rights of the developing
countries in international financial institutions like IMF and
World Bank was adopted, reflecting the importance of emerging
economies in the crisis scenario.

The meet also accepted India's position against any hasty
and immediate withdrawal of the global stimulus package
adopted at the London Summit in April. PTI

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