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Indonesia Hopes G20 to Make Concrete Solution on Global Crisis

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Indonesia has been pushing for efforts to make the second G20 Summit more concrete and real in solving the global financial crisis and its impact on developing countries, a government spokesman said on Friday.

The presidential spokesman Dino Patti Djalal made the statement when announcing Indonesian President Susilo Bambang Yudhoyono's visit to London from March 30 to April 2, 2009 to attend the G20 Summit.

"The upcoming G20 Summit is the second G20 Summit after the first one in Washington DC, the United States, in November 2008, which was also attended by President Yudhoyono,", Dino said.

The London Summit would be a follow up to the Washington meeting which had issued a Leaders' Declaration and Action Plan to deal with the global economic crisis, he said.

"The implication of the Leaders' Declaration is to encourage G20 member countries to take the initiative in solving the ongoing global financial crisis with emphasis on efforts to solve the current crisis," he said.

The meeting would also identify efforts to be made by G20 member countries to prevent a similar crisis from recurring in the future, he added.

The countries' leaders agreed on the need to have a rapid solution in dealing with the banking problem in the US and Europe, including toxic assets, the establishment of global expenditure support funds, and the global financial system reform, he said.

"While in London, the President (Yudhoyuno) is scheduled to have bilateral meetings with several world leaders who will attend the G20 Summit in London, including the Australian prime minister, the British prime minister, and the UN Secretary General, and the possibility of a meeting with President Barack Obama is still being explored," Djalal said.

President Yudhoyono is also scheduled to deliver a speech at the London School of Economic and Political Science (LSE) on March 31, 2009.

(Xinhua News Agency March 27, 2009)