Leaders from the Group of 20 (G20) nations;
Argentina
Australia
Brazil
Canada
China
France
Germany
India
Indonesia
Italy
Japan
Mexico
Russia
Saudi Arabia
South Africa
South Korea
Turkey
United Kingdom
United States
...will hold a summit meeting in London on April 2 next year to address the global economic crisis, British Prime Minister Gordon Brown said Wednesday. Future US President Barack Obama would attend the meeting of leaders of top industrial nations and emerging economies.
Reform of institutions such as the World Bank and the International Monetary Fund (IMF) were also discussed.
Brown said the G20 leaders would debate "major questions of economic action" that were required to help the faltering world economy.
Obama heads to London for G20 summit and diplomatic spree
View attachment 4079
The Obamas boarded Air Force One at Andrews Air Force base
President Obama boarded Air Force One and set off for Europe today - the first major overseas trip of his Administration.
The presidential jet is expected to touch down at Stansted this evening before Mr Obama begins a hectic series of discussions and summits with Nato, the G20 and a host of world leaders in private meetings across five countries.
...US unemployment rate surges to worst since 1983, Friday 6 March 2009 14.27 GMT Article history
Unemployment in the US surged to a 26-year high of 8.1% as struggling employers reacted to a deepening recession by slashing 651,000 jobs last month.
The number of people out of work in Britain was today predicted to rise to 3.3 million by the end of next year, as the Prime Minister admitted that soaring unemployment figures were "a matter of personal regret".
Official figures released this morning showed that the total number of people unemployed, including those not eligible for benefit, had jumped by 165,000 in the quarter to January to hit 2.03 million - the worst figure since 1991
Hivi inakuwaje katika G-20,Umoja wa Ulaya (EU) Unahesabiwa kama Nchi,wakati members wake wengi wanaingia moja kwa moja kutokana na Nguvu zao kiuchumi?Kwa nini na African Union (AU) tusiingizwe humo ikizingatiwa kwamba tuna Mwanachama mmoja tu kwenye G-20. Wajuzi wa hili jambo ninaomba ufafanuzi...
19 Countries & EU
Mwawado: Are you serious? Yaani Ghadafi atuwakilishe ktk G20?
Angekuwa JK au Kufor ningeona ok! Ghadafi sioni kama anaweza kutuwakilisha!
Hivi G8 huwa Chair wa AU huwa traditionally anaalikwa na kuhudhuria..why not G8?
I think you are missing the point, at issue is not the person of the AU President going to represent us, but the office of the AU president.
I think this was ranked economically, and the bulk of the AU countries put together does not rank that high.It is essentially 19 largest economies plus the EU.
Why not include the AU if you can include the EU? He who has economic, military and political power makes the rule.they will tell you that the EU is an actual integrated economy with a single currency and monetary system and all, the AU is only aspiring to be so (part of the reason to dismantle the OAU and come with the AU was to mimick the EU, but this is a far cry)
So the AU is still largely a political entity, a fragmented one at that, while the EU is a true single economic entity. So you do not have the AU for the same reason you don't have ASEAN countries, or OPEC countries, this is supposed to be an economic talkshop, not a merely political one.
I think NEPAD has a more well defined economic objective than AU, even though I have a feeling it's inclusion is a mere PR move to appease any west bashing third African loving so called do gooders.
Africa to G20: Don't forget us
Tuesday, 17 Mar 2009 00:04
Tanzanian president Jakaya Kikwete, Ethiopian prime minister Meles Zenawi and Liberian president Ellen Johnson Sirleaf were among those seeking to influence the agenda of the G20 summit which takes place on April 2nd.
They argued it would be cheaper for the developed world to continue providing financial assistance to African states than face the potential cost of violent conflict resulting from economic difficulties.
"In the end, the cost of violence is going to be much greater than the cost of supporting Africa," Mr Meles said.
Ms Sirleaf added: "The cost of sustainability, reform and recovery is much less than the price of the return to conflict."
South African finance minister Trevor Manuel said: "We're not here cap in hand we're here to talk about collective responsibility."
Mr Kikwete, however, said: "Africa is a victim. We are not responsible but all of us are suffering.
"The question is not about telling them 'we told you'. Africa is surprised. How could developed countries be landed in a problem of this magnitude they seem not to have known?"
He called on developed countries to deliver on their promises to assist Africa and pressed the importance of maintaining current funding levels to the continent.
African Development Bank president Donald Kaberuka said: "We know it is hard for people in Europe losing their homes, losing their jobs. In the case of countries like Liberia it is lives which are being lost, not jobs."
This argument was underlined by Mr Meles, who added: "The global stimulus impact of every dollar would be greater in Africa than it would in the UK."
Ms Sirleaf, who claimed she represented the most vulnerable people in Africa hit by conflict, said resources which had previously been concentrated on growth for Liberia's mining and forestry sectors were now being diverted to "trying to feed".
The British government has pledged to ensure international development needs are not forgotten when the G20 meets in London next month.
chanzo; http://www.inthenews.co.uk/news/autocodes/countries/liberia/africa-g20-don-t-forget-us-$1280868.htm
While the EU is still pushing hard for tougher financial regulations at the global level, Washington wants to play it down by focusing on the real economy and pressing European countries to spend more on their national stimulus efforts.
In an interview with the Financial Times published on Monday, U.S. President Barack Obama's top economic adviser Lawrence Summers urged world leaders to pump more public money into the economy in a coordinated effort to boost demand and lift the world out of recession.
"The right macro-economic focus for the G20 is on global demand and the world needs more global demand," Summers was quoted as saying.
The Financial Times said his comments make it clear that Washington wants industrialized nations to share the responsibility for engineering a global demand-led recovery.
Summers is obviously targeting the EU since the 27-nation bloc has not spent as much as others to stimulate its economy, according to some critics.
The International Monetary Fund (IMF) said in a report last week that only the United States, Saudi Arabia, China, Spain and Australia are on track to introduce fiscal stimulus packages equivalent to 2 percent of their gross domestic product (GDP) this year.
Although EU leaders agreed to an economic stimulus plan worth 200 billion euros (256 billion U.S. dollars) at a summit in December, the sum was only equivalent to 1.5 percent of the bloc's GDP, the IMF said.
It warned that U.S. stimulus efforts would be less effective if other countries do not follow it.
But Washington's call has apparently been rejected by the EU.
Germany is "not discussing any additional measures" to boost its economy, German Finance Minister Peer Steinbrueck told reporters on Monday on arrival at the EU headquarters in Brussels for a regular meeting with his eurozone counterparts.
Steinbrueck's stand won support from his colleagues in the 16-nation eurozone.
Luxembourg Prime Minister Jean-Claude Juncker said after the eurozone meeting: "The euro area ministers agreed that the recent American appeals insisting that Europeans make additional budgetary efforts to combat the effect of the crisis was not to our liking."
"We are not prepared to go further in the recovery packages that we have put together," he said. "We are not giving the impression that we are considering implementing further recovery packages."
Meanwhile, Washington seems reluctant to see real progress in regulatory reform of the global financial architecture, a key demand which the EU has voiced.
Hivi inakuwaje katika G-20,Umoja wa Ulaya (EU) Unahesabiwa kama Nchi,wakati members wake wengi wanaingia moja kwa moja kutokana na Nguvu zao kiuchumi?Kwa nini na African Union (AU) tusiingizwe humo ikizingatiwa kwamba tuna Mwanachama mmoja tu kwenye G-20. Wajuzi wa hili jambo ninaomba ufafanuzi...
Sasa wakuu,
Katika mkutano wa mawaziri wa fwedha wote wa G20 wameazimia kutumbukiza mamilioni ya fwedha (wanaita rescue package)katika mifumo yao ya kuichumi. Mkutano huo ulifanyika mjini London jana na ufuatao ni mchanganuo wa mamilioni hayo ya fwedha na wapi yanapekekwa.
Argentina
US$30bn stimulus
Timescale: 2009, but some public work to 2015
Focus on infrastructure and energy projects, tax breaks and consumer loans
Australia
A$52bn in two rescue package
Second package of A$42 is 2 per cent of GDP in 2009 and 1.3 per cent in 2010
Timescale: 2009/10
Focus on infrastructure investment and payments to low and middle income households
Additional tax breaks for small businesses
Brazil
Accelerating previously planned infrastructure spend
Increased spending in February on programme by 142.1bn Brazilian reais (US$61.2bn) totaling 646 billion Brazilian reais (US$278.4 billion) through 2010
Timescale: From 2007 - 2010
Canada
Can$40bn (US$31.9bn) including infrastructure investment, tax relief and promote bank financing
2.5 per cent of GDP (1.5 per cent in 2009, 1.1 per cent in 2010)
Timescale: Up to end 2010
Support for manufacturing, e.g. car industry
China
4tr yuan (US$580.6bn) stimulus package
13.3 per cent of 2008 GDP
Timescale: Up to end 2010
Focus on infrastructure and public spending
France
26bn euro (US$34.3bn) stimulus package announced
1.3 per cent of GDP
Timescale: mostly in 2009
Includes infrastructure spending, car industry and construction support
Germany
81bn euro (US$106.8bn) in two packages
3.25 per cent of GDP
Timescale: 2009/10
Focusing on infrastructure spending, tax incentives, measures to boost demand for cars and credit guarantees
India
US$4bn in two packages
0.4 per cent of GDP
Focus on reviving domestic demand, infrastructure and supporting export sector
Also cuts to some duties and service tax rates
Indonesia
73.3tr rupiah (US$6.4bn) stimulus package
1.3 per cent of GDP
Timescale: mostly in 2009
Focus on tax breaks and infrastructure spend
Italy
7bn euro (US$9.2bn) stimulus package
0.4 per cent of GDP
Timescale: all in 2009
Focus on tax breaks and financial incentives to buy certain goods
Japan
12tr yen (US$123.8bn) in three stimulus packages
2 per cent of GDP
Timescale: up to March 2010
Focus on payouts to individuals, job support and tax breaks for housing mortgages
Mexico
US$54bn one-year stimulus plan
1.8 per cent of GDP
Timescale: 2009 only
Including infrastructure spend, education and health benefits
Russia
US$61-62bn stimulus plan
5.2-5.4 per cent of GDP
Timescale: mostly in 2009
Mainly focused on tax cuts
Saudi Arabia
No official package, but Dec 2008 budget of SR475bn (US$126.7bn)included SR225bn on new projects and SR122 on education
The IMF say Saudi Arabia package has hit 2 per cent of GDP
Timescale: 2009
US$2.67bn interest-free credit (hii point ya muhimu sana)
South Africa
R787bn (US$80.8bn) infrastructure spending, part of existing long-running programme in preparation for football world cup
Timescale: three years to 2012
South Korea
51.3tr won (US$36.6bn) stimulus package
5.7 per cent of GDP
Timescale: up to and including 2012
Focus on tax breaks and investment to create jobs
Turkey
17bn lira (US$10bn) stimulus package
1.5 per cent of GDP
Timescale: mostly in 2009
Focus on tax breaks and infrastructure spend
United Kingdom
£20bn (US$28.4bn) stimulus package
Over 1 per cent of GDP
Timescale: 2009/10
Includes VAT cut and capital spending
Bank of England introduced quantitative easing, pumping £75bn into economy
United States
US$787bn stimulus plan
5.5 per cent of GDP
Timescale: 2009/10, but tax cuts spread over several years
US$507bn public spending; US$282bn tax relief
Source IMF
Sasa wakimaliza haya ya kwao ndio wataanza kufikiria ya sisi nchi maskini duniani ikiwemo Tanzania.
Halafu nina swali kwa wenzangu, je ni kwanini Turkey bado inakataliwa kujiunga na umoja wa Ulaya ilihali nayo ni nchi iliopo ndani ya Ulaya. Turkey inashiriki katika michezo ya Ualaya kama kombe la mataifa ya Ualaya lakini si mwanachama wa Umoja wa Ulaya sasa tatizo ni nini?
When they talk of Globalisation, Africa is included wote. Whe you talk of World Economic Crisis measures, Africa is Exluded (only S.A present). Sasa tunadanganywa nini hapa. Inaniuma. Huku tunawapenda tuwawaita wawekezaji, kumbe ni wanyonyaji.
I think you are missing the point, at issue is not the person of the AU President going to represent us, but the office of the AU president.
I think this was ranked economically, and the bulk of the AU countries put together does not rank that high.It is essentially 19 largest economies plus the EU.
Why not include the AU if you can include the EU? He who has economic, military and political power makes the rule.they will tell you that the EU is an actual integrated economy with a single currency and monetary system and all, the AU is only aspiring to be so (part of the reason to dismantle the OAU and come with the AU was to mimick the EU, but this is a far cry)
So the AU is still largely a political entity, a fragmented one at that, while the EU is a true single economic entity. So you do not have the AU for the same reason you don't have ASEAN countries, or OPEC countries, this is supposed to be an economic talkshop, not a merely political one.
I think NEPAD has a more well defined economic objective than AU, even though I have a feeling it's inclusion is a mere PR move to appease any west bashing third world /African loving so called do gooders.
Hapana mkuu,
Wanapozungumzia globalization wanamaanisha kukushirikisha wewe mtanzania kwa wewe kuwapa nguvu zako na rasilimali zako ili ziwasaidie wao kuendelea kuimarisha mihimili yao ya kiuchumi.
Ntakupa mfano mdogo tu, kuna mashine moja ya kusafisha "carpets" inaitwa Dyson. Mashine hii ilikuwa ikitengenezwa nchini Uingereza miaka hiooo! Lakini kwa sababu ya kodi kubwa na ukiritimba mwingine, mbunifu wa mashine hiyo bwana Dyson kwa kutumia nguvu za globalization akahamishia kiwanda chake huko mashariki ya mbali na sasa ni tajiri wa kutupwa. Sababu ni kwamba kule anatumia ghrama dnogo za uendeshaji na kulipa ujira mdogo.
Huo ni mfano mdogo tu lakini kwa ujumla usitegemee kikubwa kutoka kwa hawa jamaa bali tutegemee akili zetu, hasa pale linapokuja suala la kuwakabidhi watu fulani katika jamii majukumu ya kutuongoza.
I think you are missing the point, at issue is not the person of the AU President going to represent us, but the office of the AU president.
I think this was ranked economically, and the bulk of the AU countries put together does not rank that high.It is essentially 19 largest economies plus the EU.
Why not include the AU if you can include the EU? He who has economic, military and political power makes the rule.they will tell you that the EU is an actual integrated economy with a single currency and monetary system and all, the AU is only aspiring to be so (part of the reason to dismantle the OAU and come with the AU was to mimick the EU, but this is a far cry)
So the AU is still largely a political entity, a fragmented one at that, while the EU is a true single economic entity. So you do not have the AU for the same reason you don't have ASEAN countries, or OPEC countries, this is supposed to be an economic talkshop, not a merely political one.
I think NEPAD has a more well defined economic objective than AU, even though I have a feeling it's inclusion is a mere PR move to appease any west bashing third world /African loving so called do gooders.
When they talk of Globalisation, Africa is included wote. Whe you talk of World Economic Crisis measures, Africa is Exluded (only S.A present). Sasa tunadanganywa nini hapa. Inaniuma. Huku tunawapenda tuwawaita wawekezaji, kumbe ni wanyonyaji.