G-20 Summit

In Pittsburgh, the twenty riches countries came together Sept. 25, 2009 to discuss the recession. “ IMF Reform ‘Bright Spot’ of G-20 Summit -China Vice Foreign Min” article talked about He Yafei, China’s vice foreign affairs minister giving his opinion on the International Monetary Fund. IMF was a plan to fix the world economy and He said it “is a bright spot of the Pittsburgh summit.” Another person that talked about the G-20 summit was an Argentine official who said that “the countries agreed on a 5 % increase in developing nations’ shares under the IMF quota system.” The Argentine official suggested that improving countries could have a chance to host the summit in their country but they must have some principles such as: justice and fairness. The Argentine official also said for China to host would be a “serious consideration.” “Leades of G-20 Vow to Reshape Global Economy” had similar things from the article above but it also talked about how “exporting dominating” countries should consume and invest more at home. Also the other countries such as China, Japan, and Germany should buy more supplies from America because they import more than exporting. “The agreements, if carried out by national governments, would lead to much tighter regulation over financial institutions, complex financial instruments and executive pay.”