SCENARIOS - What to expect from G20 summit

Sat Nov 15, 2008 2:01pm GMT
 
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WASHINGTON (Reuters) - Leaders from major developed and emerging countries wrap up their G20 summit on Saturday and are expected to unveil a plan for repairing the world financial system, ravaged by the credit crisis.

Here is what to expect.

WHAT HAPPENS SATURDAY:

- G20 leaders meet for four hours in Washington. U.S. President George W. Bush gives a statement at 2005 GMT/1505 EST, and a formal communique probably will be released. Individual leaders hold news briefings before leaving Washington.

WHAT AGREEMENTS TO EXPECT:

Leaders are likely to promise quick action to boost growth and then lay out a broad framework for further discussions on market reforms, financial regulation and a revamp of the international financial order.

Look for these details:

ECONOMY: Promises for prompt action to boost economic growth and stabilise financial markets. This may include support for major fiscal stimulus plans, particularly in developed countries where needed

REGULATIONS: Broad principles on how to regulate markets and financial institutions in order to prevent future crises  Continued...

 
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