PM to leave for G-20 Summit today

New Delhi, September 23: Prime Minister Manmohan Singh leaves today on a four-day visit when he will attend the G-20 summit in the US which will discuss the need to strengthen rules governing financial markets and steps to quicken the global economic recovery from its worst crisis.

Accompanied by Planning Commission Deputy Chairman Montek Singh Ahluwalia and National Security Adviser M K Narayanan among others, the Prime Minister will be in Pittsburgh at the summit hosted by President Barack Obama on September 24-25.

Heads of governments of G-8 countries along with those of emerging economies like India, Brazil and South Africa representing 90 per cent of the global GDP, 80 per cent of world trade and two-thirds of humanity will discuss how to expedite the revival process amid signs of green shoots of recovery.

The summit, third of its kind since the financial crisis began last September, will review implementation of the measures decided at the previous summits — Washington (2008) and London (April, 2009) — where it was decided to pump in USD 1.1 trillion for revival of the emerging market economies.

Though the Summit is not a negotiating forum, the issue of climate change is expected to figure in a big way among the leaders as nations prepare themselves for the Copenhagen Summit sponsored by the UN in December this year.

—PTI