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Another Bush-Manmohan meet?

The US President decides to invite leaders of the G-20 countries, including India, for a summit in Washington on November 15 to discuss the global financial turmoil.

world Updated: Oct 23, 2008 01:42 IST

Prime Minister Manmohan Singh may well meet George W Bush for the second time in less than two months with the US President on Tuesday deciding to invite leaders of the G-20 countries, including India, for a summit in Washington on November 15 to discuss the global financial turmoil.

"A summit will be held in Washington DC on November 15th to discuss the financial markets and the global economy. The president (George W Bush) today is going to invite the leaders of the Group of 20 countries," Press Secretary Dana Perino said at her briefing.

Interestingly, an emotional Singh told Bush during his meeting at the White House on September 26 that "this may be my last visit to you during your Presidency, and let me say, thank you very much."

Bush, who met Singh at the peak of the US financial meltdown, had told the Indian prime minister that he had a "calming influence" on him at the time of the crisis and was full of praise of the economist-turned politician.

"The leaders will review progress being made to address the current financial crisis, advance a common understanding of its causes and agree on a common set of principles for reform of the regulatory and institutional regimes for the world's financial sectors.

"... We expect the leaders will discuss effects of the emerging economies and developing nations. The summit will also provide an important opportunity for leaders to strengthen the underpinnings of capitalism by discussing how they can enhance their commitment to open, competitive economies as well as trade and investment liberalisation," Perino said.