G20 leaders agreed Thursday to provide an extra one trillion dollars for the International Monetary Fund (IMF) and other bodies, British Prime Minister Gordon Brown said. He added that they would meet later in the year to review progress.
A man has died after collapsing during G20 protests in London. Earlier, riot police baton charged violent protestors gathered in the heart of London's financial district ahead of Thursday's G20 summit.
On the eve of the G20 summit in London, Britain's secretary of state for business, Peter Mandelson, said in an interview with FRANCE 24 that G20 leaders have reached a "real consensus" over reforms to the financial system.
The G20 summit opens in London on Thursday burdened by huge expectations. While US President Barack Obama has repeated calls for unity, France and Germany have promised an uncompromising stance on the subject of financial regulation.
US President Barack Obama and Chinese counterpart Hu Jintao have agreed to "strengthen ties at all levels" ranging from the economy to fighting terrorism. Obama also accepted "with pleasure" an invitation to go to China later this year.
On the eve of the G20 summit in London, FRANCE 24's Raphael Kahane talks to the British secretary of state for business, Peter Mandelson, and asks him what is at stake at this crucial summit for the world economy.