World Bank meet: G20 agenda should add development

[cory777]

Source: AP

BUSAN, South Korea — The Group of 20 leading economies should seek to support growth in the developing world to help ensure a sustainable long-term global recovery and fend off a relapse into crisis, World Bank officials said Friday.

Top finance ministers from advanced and developing economies, meeting in this South Korean port city, face myriad demands as they work to set priorities for a G-20 summit in Toronto later this month.

"The G-20 needs the rest of the developing world for reasons of self-interest," Ngozi Okonjo-Iweala, a World Bank managing director said at a conference on the sidelines of the G-20 meeting.

"G20 countries need new sources of demand. The developing world has the potential, and it has the people," she said. "The G20 must recognize this and give development the central place it deserves in its agenda," she said.

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[DJ13]

1. should seek to support growth in the developing world

Thats code for increasing opportunities to move more first world manufacturing to third world countries that will pay near slave wages.