| David McCormick, Under Secretary for International Affairs at the U.S. Treasury Department, speaks during a press conference in Sao Paulo, Brazil, on November 9, 2008. The G20, group of the 20 largest economies of the world, on Sunday agreed that the economic institutions must be strengthened with a more significant role for emerging countries to face the world financial crisis. The meeting produced a series of suggestions in terms of economic policies and principles to guide the talks in the coming weeks, but did not result in a formal compromise by the countries. (Xinhua) |
