Leaders attending the G20 summit in London have expressed their determination to lay the foundation for a "fair and sustainable" world economy and do everything possible to mitigate the social impact of the financial crisis, especially on the most poverty-stricken countries.
In a statement following the crucial summit, G20 leaders promised to provide a total of 50 billion U.S. dollars for low income states, with an additional six billion concessional and flexible finance for the poorest countries over the next two to three years.
To tackle the increasing unemployment rates and lay-offs worldwide, caused by the serious recession since 1930s, the leaders vowed to create more jobs and introduce income support measures, focusing on the most vulnerable.
The leaders also agreed to make the best possible use of investment funded by fiscal stimulus programs towards the goal of building "a resilient, sustainable and green recovery", said Brown.
In a quick response to the G20 pledges, the anti-poverty charity Oxfam said the summit delivered "a vital pick-me-up" for poor countries, but added that much more is needed to ensure their long-term recovery.
(Xinhua News Agency April 3, 2009)
