Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Search of Air Algerie crash site continues

Read more

MEDIAWATCH

Sarkozy, Hollande and the scooter wars

Read more

MEDIAWATCH

Confusion online over Air Algérie flight

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014

Read more

REPORTERS

Halal tourism on the rise

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

FRANCE IN FOCUS

WWI Centenary: the battle for Verdun

Read more

THE BUSINESS INTERVIEW

When big companies want to do good

Read more

  • Hamas opens fire on Israel despite offer to extend humanitarian truce

    Read more

  • Photos: Youths clash with police at banned Gaza protest in Paris

    Read more

  • Bodies of all Air Algérie crash victims to be brought to France

    Read more

  • Germany's Tony Martin wins 20th stage of Tour de France

    Read more

  • Kidnapped Briton freed after five months' detention in Yemen

    Read more

  • US evacuates embassy in Libya amid militia clashes

    Read more

  • Kerry in Paris for new round of Gaza ceasefire talks

    Read more

  • Nibali rides serenely toward a place in Tour history

    Read more

  • Video: 'Lack of security' at MH17 crash site, FRANCE 24 reports

    Read more

  • In pictures: Devastation, debris at Air Algérie crash site

    Read more

  • Washington Post reporter and his wife arrested in Iran

    Read more

  • French families grieve for Algerian plane crash victims

    Read more

  • Lithuania’s Navardauskas wins 19th stage of Tour de France

    Read more

  • LA Times wipes France off the map in air crash infographic

    Read more

  • Fans electrify the mood as Tour de France crosses the Pyrenees

    Read more

  • French lawyer files complaint against Israel at ICC

    Read more

  • Protest against Gaza offensive turns deadly in West Bank

    Read more

Business

Ban Ki-moon wants 'substantial' stimulus plan from G20

Latest update : 2009-03-25

UN secretary-general Ban Ki-moon said on Wednesday at United Nations headquarters in New York that he wanted to see a "substantial" stimulus package emerge from the G20 summit in London next month.

AFP - UN chief Ban Ki-moon on Wednesday called for world leaders to forge a "substantial" global economic stimulus package when they meet for a G20 summit in London next month.

Following talks here Wedensday with British Prime Minister Gordon Brown, the secretary general told reporters the Group of 20 main industrialized and developing economies "should commit to sustaining an international stimulus package, on top of their own national stimulus packages."

"This international stimulus needs to be of a very substantial size, commensurate with the challenge," he added.

"It needs to comprise aid for the poorest and most vulnerable countries, long-term public lending from the multilateral development banks, and liquidity support not only to least developed countries but also middle-income developing countries."

Ban said he and Brown also agreed on "the need to stand firm against protectionism and reinvigorate the Doha round (of trade liberalization talks) that it delivers real benefits for developing countries."

The two leaders further agreed that G-20 leaders at their April 2 summit "must support a greening of the global economy, including in poorer countries, and that they should commit themselves to sealing a deal at climate (change) talks in Copenhagen in December this year."

Wednesday's talks focused on "how to reform global rules and institutions so that they reflect today's economic and political landscape," Ban noted. "I am hopeful that the London summit can send a signal of solidarity and hope to all peoples and countries of the world."

Brown for his part said "doing nothing (at the London summit) is not an option.

"Our duty is to help every country and to recognize the interdependence of the world," he added underscoring the need for the G20 to assist the poorest countries.

World leaders are divided over whether to provide more economic stimulus or to tighten regulation of the system, with Europe seen as being less keen than the United States to approve further stimulus splurges.

Brown, who earlier met with leading Wall Street figures in New York, was heading next to Brazil and Chile, where he was to attend the Progressive Governance summit in Vina del Mar on Friday.

Date created : 2009-03-25

COMMENT(S)