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S Africa hails G20 commitment to developing nations

South African President Kgalema Motlanthe said on Thursday the G-20 summit had agreed to protect financing for developing countries, and pledged to conclude talks on a new global trade deal.

Updated on: Apr 02, 2009 11:47 PM IST
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South African President Kgalema Motlanthe said on Thursday the G-20 summit had agreed to protect financing for developing countries, and pledged to conclude talks on a new global trade deal.

HT Image
HT Image

Motlanthe said his country, the only African country present in the G-20, was "quite pleased with what came out of this summit".

"There's a recognition... that the developing countries offer an opportunity for growth," he said. "There's a commitment to ensure that developing countries receive finances particularly in infrastructure."

He added that the previously agreed Gleneagles aid commitments would be honoured.

Motlanthe also said leaders had agreed that the Doha development round of trade talks, which world leaders have struggled to finish, "will be concluded," although did not put a firm timescale on this happening.

 
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