Banks

G-20 Plans New Regulations, Loans

 

The Associated Press

LONDON (AP) -- Here is a text of the Group of 20 Summit in London:

Text of the communique of the Group of 20 industrialized and developing economies, as released by the British government on Thursday:

We, the Leaders of the Group of Twenty, met in London on 2 April 2009.

We face the greatest challenge to the world economy in modern times; a crisis which has deepened since we last met, which affects the lives of women, men, and children in every country, and which all countries must join together to resolve. A global crisis requires a global solution.

We start from the belief that prosperity is indivisible; that growth, to be sustained, has to be shared; and that our global plan for recovery must have at its heart the needs and jobs of hardworking families, not just in developed countries but in emerging markets and the poorest countries of the world too; and must reflect the interests, not just of today's population, but of future generations too. We believe that the only sure foundation for sustainable globalization and rising prosperity for all is an open world economy based on market principles, effective regulation, and strong global institutions.

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