(a) whether India had participated in the recent G 20-Summit
at Pittsburg and in the United States; and
(b) if so, the details of the discussions held and the outcome thereof?
(a) whether India had participated in the recent G 20-Summit
at Pittsburg and in the United States; and
(b) if so, the details of the discussions held and the outcome thereof?
MINISTER OF THE STATE IN THE MINISTRY OF EXTERNAL AFFAIRS (DR. SHASHI THAROOR)
(a) Yes.
(b) The G-20 Summit in Pittsburgh, USA agreed on a framework of strong, sustainable
and balanced growth. It was decided to continue the stimulus measures till recovery
is assured. It also endorsed a package of regulatory measures. The Summit addressed
the reform of the international financial institutions and agreed to at least 5 per
cent shift in IMF quotas to dynamic emerging market and developing countries and a
similar shift of at least 3 per cent in World Bank voting power for developing and
transition countries. There was agreement that G-20 countries will fight protectionism
and aim for a successful conclusion of the Doha Round in 2010. On Climate Change,
the G-20 reaffirmed the primacy of the UNFCCC and decided to cooperate for an agreed
outcome at Copenhagen. The Pittsburgh Summit designated the G-20 as the premier forum
for international economic cooperation.