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10/11/08

IHT: G20 meeting Washington - Paulson could face backlash from poorer countries

For the complete report from the International Herald Tribune click on this link

G20 meeting Washington - Paulson could face backlash from poorer countries

Treasury Secretary Henry Paulson may get an earful Saturday in a meeting with developing country officials whose economies have been harmed by the global credit crisis, analysts said.The move puts emerging market economies such as China, South Korea, and India on a similar footing as the richer countries that make up the G-7, which will meet with Paulson on Friday. On Monday, Robert Zoellick, president of the World Bank, said the G-7 should be expanded to include major growing economies such as Brazil, China, India, and Mexico.

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