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Finance officials from 20 nations look to rejuvenate economy
Morelia (Mexico), Oct 27: Finance officials from 20 rich and poor nations were wrapping up a two-day meeting today aimed at rejuvenating the global economy, avoiding financial disasters and halting funding for terrorists.
Morelia (Mexico), Oct 27: Finance officials from 20 rich and poor nations were wrapping up a two-day meeting today aimed at rejuvenating the global economy, avoiding
financial disasters and halting funding for terrorists.
US officials also used the group of 20 gathering in the mountains of western Mexico as an opportunity to urge countries to continue helping in the effort to rebuild Iraq and get global trade negotiations back on track.
US Treasury Secretary John Snow argued that free trade was key to helping economies grow. Many of the countries taking part in today's meeting were key players at the world trade organisation meeting last month in Cancun, where talks failed in part because the WTO's 146 members couldn't agree on how to cut agricultural and other subsidies. Snow also was lobbying nations to help in the effort to rebuild Iraq. He arrived at the meeting in Mexico from Madrid, Spain, where he and others persuaded nations to contribute at least US dollar 13 billion to post-war Iraq.
Although US officials were still looking for more aid, snow's spokesman, Rob Nichols, said the United States could meet Iraq's needs with oil revenues and help from the private sector.
Bureau Report
US Treasury Secretary John Snow argued that free trade was key to helping economies grow. Many of the countries taking part in today's meeting were key players at the world trade organisation meeting last month in Cancun, where talks failed in part because the WTO's 146 members couldn't agree on how to cut agricultural and other subsidies. Snow also was lobbying nations to help in the effort to rebuild Iraq. He arrived at the meeting in Mexico from Madrid, Spain, where he and others persuaded nations to contribute at least US dollar 13 billion to post-war Iraq.
Although US officials were still looking for more aid, snow's spokesman, Rob Nichols, said the United States could meet Iraq's needs with oil revenues and help from the private sector.
Bureau Report