Develop economic policies to address the effects of global crisis on the countries of the world

Paper work to modernize the mechanisms of the International Monetary Fund to limit the global crisis

Claim control of balanced economic performance and financial practices to international markets

Scheduled to begin on Thursday, April 2 in London summit meetings of the Group of Twenty with the attendance of the leaders of the United Kingdom and the United States, Canada, France, Germany, Italy, Japan, Russia, Australia, Argentina, Brazil, Mexico, India, China, Indonesia, South Korea and South Africa, Saudi Arabia, Turkey and the Presidency of the European Union represented by the president of the Federation and Governor of the Bank Central Union. In addition to representatives of a number of institutions such as the International Monetary Fund and the World Bank and the Bank's Development Committee.

Dr. Youssef Boutros Ghali, Minister of Finance and the President of Monetary and Financial Committee, International Monetary Fund in the summit at the invitation of Gordon Brown, British Prime Minister to represent a non-185 members of the Group of Twenty, mostly from developing countries of Africa and Asia, as well as some small European countries.

And Dr. Ghali said that the meetings will discuss the economic policies of the Group to address the effects of the global crisis on the countries of the world and also to the economies of Africa to avoid the effects of the crisis.

He stressed the importance of amending the rules and established norms for the selection of the Director of the International Monetary Fund to open the selection of the best qualified of all the nations of the world and not be limited to the selection of certain nationalities, which certainly will be followed by a similar procedure to the World Bank.

The minister said he would ask during the meetings of international institutions to follow a balanced approach in the control of economic performance and financial practices in all Member States, would adhere to whatever the large size of the economic criteria of safety to prevent crises such as the massive current crisis.

(Source: Ministry of Finance)