G20 countries collaborate for Global Financial rescue.

With World Economy shattering and moving towards recession, it had faced in decades. To rescue the World economy from Global slowdown, leaders from the top 20 countries met in Washington on
Saturday to tackle collaboratively on this problem.

The agenda of the meet is to look out for the causes of the Global crisis and the solutions to fix these problems, and a the solutions or strategies to prevent such kind of problems in future.

The G20 nations discussed about the strategies on utilization of stimulus packages, and talked of economic stimulative measures like decreasing interest rates and bailing out banks and financial institutions.

They added that they have to work collaboratively to boost developing economies, which saw the major meltdown in their crisis. They added that if required, the developing economies, fund channeling may be routed through International Monetary Fund(IMF).

Besides, discussing on financial rescue measures, they also discussed on more regulation for financial and capital markets and to improve oversight of Credit rating agencies and to make investor fully aware of the risk involved in complex financial instruments before financial system posses another level of instability.

The international financial mess is already been created and instead of financial rescue plans from key G7 countries, it really calls for a collaborative effort from all the countries, to clean up this mess, before it pose a major threat to World Security.

G20 Countries :

• Argentina
• Australia
• Brazil
• Britain
• Canada
• China
• European Union
• France
• Germany
• India
• Indonesia
• Italy
• Japan
• Mexico
• Russia
• South Africa
• Saudi Arabia
• South Korea
• Turkey
• United States

Related articles by Zemanta

• G-20 Drafts Blueprint for Repair
• At Global Finance Talks, 20 Different Agendas
• World leaders reach deal

Thanks&Regards,
Mohit Kumar