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FINANCIAL NEWS
Cairo dissatisfied with G20 summit outcomes
14 Nov 2010
(MENAFN) Egyptian Foreign Minister Ahmad Abul-Gheit described results of the G-20 Summit, hosted by Seoul on November 11-12, as the ‘minimum outcome’ that could be reached at present, Reuters reported.
Abul-Gheit, in a statement, said nations had pinned hopes upon the summit for making good results for enhancing global economic recovery and accomplish tasks in the realms of structural reforms for sake of achieving sustainable and balanced development.
Disputes that surfaced upon start of the summit with regard of assessing rates of currencies, means of tackling the defects in the balances of payments posed an obstacle in the face of efforts for setting specific measures to handle the situation, he added.
Moreover, Abul-Gheit criticized the conferees for opting to seek consensus political rhetoric rather than devote ample efforts for reaching specific solutions for the issues affecting in particular the developing nations.
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