Demand for a Say on a Way Out of Crisis (Group of 20 - developing nations)

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SÃO PAULO, Brazil — The Group of 20 finance ministers and central bankers met over the weekend here with the intent of laying the groundwork for a critical meeting of world leaders in Washington next Saturday to tackle the global financial crisis.

But the three-day gathering of the Group of 20 also revealed a deep longing among developing countries, including the host, Brazil, to gain a greater voice in helping the world navigate its way out of the crisis.

The group said it would work together to support economic growth and promote financial stability, and praised countries that had taken “bold and decisive” action, like China, which said Sunday that it would invest 4 trillion yuan, about $586 billion, in an economic stimulus plan. The group declared in a statement that “considerable” volatility remained in global financial markets, but vowed that its members would continue to take “all necessary actions” to restore stability.

Despite a spirit of cooperation at the event, an air of bitterness also pervaded. Luiz Inácio Lula da Silva, Brazil’s president, and his finance minister, Guido Mantega, blamed the United States and other developed countries for spreading financial gloom to all corners of the globe.

http://www.nytimes.com/2008/11/10/business/worldbusiness/10g20.html?th&emc=th