G20 Summit to evaluate how far we have come: White House

The G20 Summit would be an occasion for the world leaders to evaluate progress made since the last London meet.

Updated: Sep 09, 2009, 11:10 AM IST

Washington: The upcoming G-20 Summit at
Pittsburgh would be an occasion for the world leaders to
evaluate the progress made since the last meeting in London
and discuss ways to create a strong foundation for long-term
sustained economic growth, the White House has said.

"It will be an important time as people get together to
evaluate sort of how far we have come, but also to understand
how much further we have to go to create the type of
foundation, both in this country and throughout the world, for
long-term sustainable both job and economic growth," the White
House Press Secretary Robert Gibbs, said yesterday in response
to a question on G20 Summit sheduled in Pittsburgh on
September 24-25.

"I think obviously there will be a long discussion on
where we are in the state of the global economy, progress that
we have seen made, quite honestly, since the group got
together in late March," Gibbs said.

Gibbs said the Treasury Secretary, Timothy Geithner, has
"outlined plans for financial regulatory reform and increased
stability in our financial system globally, as what needs to
be done to move forward."

In response to a question, Gibbs said climate change
financing would be a topic that would be discussed both at the
summit and the US General Assembly meeting.

Bureau Report