World leaders at the Group of Eight (G8) summit ended their three-day gathering Friday with a promise to mobilize 20 billion U.S. dollars to help fight world hunger but made little progress on climate change.
Leaders of the Group of Eight industrialized nations and five emerging economies met Friday with their African counterparts to discuss the economic crisis and food security in Africa.
The Group of Eight industrialized nations and poverty-ridden African countries agreed Friday to establish a stronger G8-Africa Partnership on Water and Sanitation, according to a statement issued after their meeting.
The International Monetary Fund welcomes the Group of Eight´s statement that global economic recovery is not yet guaranteed and governments will worry about the bill for heavy stimulus spending once it has succeeded.
The Group of Eight rich nations and the Group of 5 emerging economies have reached several agreements at their three-day summit in Italy. Also, world leaders say they´ll complete the long-stalled Doha trade talks in 2010.
Efforts to lift the global economy out of its worst recession since the early 1930s are expected to top the agenda of the Group of Eight (G8) summit in L´Aquila, Italy from Wednesday to Friday.
Italy, which holds the current G8 presidency, wants the summit to agree that global greenhouse gas emissions should peak by 2020 and world temperature change should be limited to 2 Celsius degrees above pre-industrial levels.
"We want to transform Africa into a new opportunity in terms of natural resources, environment protection and new industry jobs. These are three main priorities that would be under discussion."
"Our idea is to cooperate closely among all the G8 members plus the other five important economies including China to give a message to the outside world that quantity but also quality of food is paramount for the future of the world."