Manmohan leaves Seoul after attending G20 summit (Lead)
November 12th, 2010 - 4:28 pm ICT by IANS
By Arvind Padmanabhan
Seoul, Nov 12 (IANS) Indian Prime Minister Manmohan Singh left the South Korean capital Seoul Friday after attending the G20 summit where he called for a new global rebalance.
Manmohan Singh said funds from surplus nations can go to bridging the infrastructure gap in poor and emerging economies to avoid destabilisation.
He also warned against protectionism in the wake of unemployment in rich nations, while asking the G20 leadership to agree to what is called the mutual assessment process to determine what level of deficit or surplus is good or bad for each country.
“Problems facing us in rebalancing the global economy is well known,” the Indian prime minister told a plenary session of the G20 Summit here.
Since Thursday, the prime minister had a string of engagements including a bilateral meeting with his Ethiopian counterpart Meles Zenawi followed by another with Mexican President Felipe Calderon, besides British Prime Minister David Cameron and Canadian Premier Stephen Harper.
The Indian delegation includes Planning Commission Deputy Chairman Montek Singh Ahluwalia, Foreign Secretary Nirupama Rao and Finance Secretary Ashok Chawla.
The G20, originally formed at the level of finance ministers and central bank governors in 1999 after the East Asian economic crisis, has assumed significance after it was elevated to a summit-level forum in 2008 after the ongoing global financial crisis.
Besides India, South Korea, the G20 comprises Brazil, the US and Canada, Argentina, Australia, China, France, Germany, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Turkey, Britain and the European Union.
- India, Canada begin free trade talks (Lead) - Nov 12, 2010
- G20 nations must help fix infrastructure gaps: Manmohan Singh (Lead) - Nov 12, 2010
- Manmohan to meet leaders from Canada, Brazil at Seoul G20 - Nov 09, 2010
- G20 nations should help bridge infrastructure gap: Manmohan Singh - Nov 12, 2010
- Indian PM opposes protectionism, for rule-based economy (Third Lead) - Nov 10, 2010
- Packed schedule awaits Manmohan Singh at G20 - Nov 10, 2010
- India can help in Eurozone crisis: Montek - Nov 03, 2011
- Manmohan Singh reaches Seoul for G20 Summit (Second Lead) - Nov 10, 2010
- Manmohan Singh leaves for Seoul G20 Summit with new vision (Second Lead) - Nov 10, 2010
- Manmohan Singh seeks better trade ties with Ethiopia - Nov 11, 2010
- G20 must help bridge infrastructure gap: Manmohan Singh (Roundup) - Nov 10, 2010
- Greece has upset calculations, let it not multiply: Manmohan - Nov 03, 2011
- Manmohan Singh leaves Seoul after G20 Summit - Nov 12, 2010
- Manmohan Singh leaves for G20 Summit in Seoul (Lead) - Nov 10, 2010
- G-20 Summit "Shared Growth Beyond the Crisis" gets underway in Seoul - Nov 11, 2010
Tags: asian economic crisis, britain and the european union, british prime minister, capital seoul, central bank governors, david cameron, germany indonesia, global financial crisis, indian delegation, indian prime minister, indian prime minister manmohan singh, manmohan singh, mexican president felipe calderon, montek singh ahluwalia, nirupama rao, president felipe calderon, prime minister manmohan, prime minister manmohan singh, south korean capital, summit level