Mexican President Felipe Calderon said Tuesday
that his country, the host of next week's G20 summit, will propose
measures to promote long-term global economic growth.
"The European crisis affects the whole world economy, and for that
reason at the upcoming summit Mexico, as G20 president, will seek the
adoption of a long-term integral action plan," Calderon told
reporters in Mexico City.
"The plan will not only include measures to face and solve the
European crisis, which is after all a temporary crisis, but it will
also propose concrete public policy measures in key areas such as
fiscal, financial, monetary policies etc., that allow long-term
economic growth," he said.
The leaders of industrialized and emerging nations in the Group of
20 (G20) are to meet Monday and Tuesday in the resort town of Los
Cabos, in the northwestern Mexican state of Baja California Sur.
They are set to debate the challenges the global economy is
currently facing and to establish plans to provide for greater
stability and boost growth.
At the meeting, Calderon said, Mexico will insist on the need to
strengthen global financial structures, increase resources for the
International Monetary Fund (IMF) and prevent financial speculation
from affecting the price of foodstuffs.
The host will seek to be an "effective spokesman" for developing
countries and make sure that the current economic crisis does not
divert attention from crucial issues like climate change, he noted.
US President Barack Obama, Chinese leader Hu Jintao, German
Chancellor Angela Merkel, British Prime Minister David Cameron and
presidents Francois Hollande of France, Dilma Rousseff of Brazil,
among others, are set to attend the two-day summit.
