Engaging Africa on the London Summit

(londonsummit.gov.uk)
Updated: 2009-03-20 16:34

UK Prime Minister Gordon Brown hosted a meeting with influential African leaders, finance ministers and central bank governors on Monday March 16, in preparation for the London Summit and to hear the views of African nations on the global economic crisis and African contributions to the debate on how to deal with it.

The economic downturn could have severe consequences for the developing world. The Department for International Development (DfID) estimates that 90 million more people could be forced into poverty by the end of next year and new estimates suggest the fight against extreme poverty could be put back by up to three years.

Douglas Alexander, the UK's Minister for International Development and Foreign Office Minister Lord Malloch-Brown also attended the meeting.

China Effort

• China cuts benchmark interest rates by 0.27 pct
• China cuts rates again to spur growth
• China to invest nearly $170b in grid construction
• China to increase currency and loan supply
• China may buy up steel stocks, aid mills
• more

Global Action

• Obama calls for global action amid crisis
• IMF says clean up banks to tackle dire world crisis
• Bank of England cuts interest rates 100 bps to 2%
• Europe poised to cut rates as global slump deepens
• Australians asked to spend $5.2 billion before Xmas
• more

Related Coverage

• Hu at G20 and APEC
• China Statistics
• 2009 NPC and CPPCC
• Chinese Economy
• World Financial Crisis
• more