Actions taken by India and China very important: Geithner
US Treasury Secretary Timothy Geithner has said that the steps taken by emerging economies like India and China are very important in view of current world economic crisis.business Updated: Sep 03, 2009 08:28 IST
US Treasury Secretary Timothy Geithner has said that the steps taken by emerging economies like India and China are very important in view of current world economic crisis.
"I think one of the most important things we have done in this crisis is to bring the major economies of the world together, including the major emerging economies like China, India, and to get the world to commit to a very aggressive approach to arrest the crisis," Geithner said.
"It was the force of that collective response that was so important to confidence," the treasury secretary told reporters ahead of G-20 Finance Ministers meeting in London.
"I think in that context the actions that China, India, many other emerging markets took were very important. I think the signals sent by that commitment to, you know, cooperative force was a necessary complement to all the things we did in the United States," Geithner said.
"On the broader reform agenda too, it's very important to us, again, that we change the basic framework for cooperation globally and make sure that at the centre of the system is a group of countries that represent more broadly and more fairly the balance of economic activity in the world," Geithner said.
"That is why we invested so much attention to trying to make the G-20 central to that effort," he argued in response to a question.