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G-20 officials wrestling over economic imbalances

Associated Press

Posted on November 6, 2009 at 11:04 PM

ST. ANDREWS, Scotland (AP) — The world's top financial officials are seeking a blueprint for securing future global growth.

Finance ministers and central bankers from the Group of 20 leading rich and developing countries are meeting in Scotland.

Even as the world emerges hesitantly from recession, the G20 officials are likely to agree that it is too early to pull the plug on economic stimulus measures.

The other key item on the agenda for the officials is tackling the financial cost of climate change.

With the major UN climate conference in Copenhagen a month away, the group is working on a deal on so-called climate finance. That would involve giving developing countries funds to help them cut emissions by switching from fossil fuels to cleaner energy such as wind and solar.

%@AP Links

Sound:

<<CUT …242 (11/06/09)>> 00:18 "trade and budgets"

Jane Wardell

AP correspondent Jane Wardell reports that the G20 countries are meeting in Scotland.

<<CUT …243 (11/06/09)>> 00:12 "on with it"

Jane Wardell

AP correspondent Jane Wardell reports that the British treasury chief has urged G20 members to agree on a climate change strategy at their summit in Scotland.

<<CUT …244 (11/06/09)>> 00:17 "on climate financing"

Jane Wardell

AP correspondent Jane Wardell reports that G20 ministers meeting in Scotland will discuss how to prepare for a key international climate conference.

<<CUT …245 (11/06/09)>> 00:11 "we're dealing with"

Lukas Ross, protestor at Group 20 meeting in Scotland

Lukas Ross, protestor at the G20 meeting in Scotland, says leaders gathering there must introduce radical reforms.

<<CUT …246 (11/06/09)>> 00:06 "to change that"

Amanda Murray, protest organizer at Group 20 meeting in Scotland

Amanda Murray, protest organizer at the G20 meeting in Scotland, says she hopes to influence policy makers.

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