Rajapaksa to be new chairman of G-15

Sri Lankan President Mahinda Rajapaksa will tave over the chairmanship of Group of 15 countries (G15) from his Iranian counterpart Mahmoud Ahmadinejad at the forthcoming summit in Tehran on Monday.

Colombo: Sri Lankan President Mahinda
Rajapaksa will tave over the chairmanship of Group of 15
countries (G15) from his Iranian counterpart Mahmoud
Ahmadinejad at the forthcoming summit in Tehran on Monday.

Rajapaksa will serve as the chairman of the grouping,
of which India is also a member, for a two-year term.

The G-15 Summit to be held in Tehran on Monday will
focus on cooperation among developing countries in the areas
of investment, trade and technology.

The grouping accounts for one third of the global
population and consists of some of the biggest economies of
the world, an official release said here today.

Algeria, Argentina, Brazil, Chile, Egypt, India,
Indonesia, the Islamic Republic of Iran, Jamaica, Kenya,
Malaysia, Mexico, Nigeria, Senegal, Sri Lanka, Venezuela and
Zimbabwe are members of the group.

The Group also regularly reviews the impact of
international economic developments and seeks to encourage a
productive North-South dialogue aimed at finding ways of
dealing with problems, in a cooperative manner, it said.

As the Chair of the G-15, Sri Lanka would be entrusted
the responsibility of articulating the aspirations of the
developing world.

"Sri Lanka will also build on the work done by
previous Chairs of the Group, to add to South-South
cooperation," it said.

PTI

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