News / USA

Obama: G8, G20 Nations Must Work to Re-balance Global Economy

President Obama arrives in Canada Friday for the G-8 and G-20 summits of the world's major industrialized nations.  VOA chief White House correspondent Dan Robinson reports, discussions at the G-8 will focus on development, economic, peace and security issues, and the G-20 summit will assess steps member nations are taking along the path of financial recovery.

After a working lunch of the G-8 on economic issues, the president participates in an outreach session with 7 African leaders, discussing development and maternal and child health issues.

Leaders from Haiti, Jamaica and Colombia will join the discussions, focusing on the drug trade between Latin America and Africa.  Later, a G-8 leaders-only dinner covers political and governance issues.  

G-8 leaders convene again Saturday morning at Muskoka, outside Toronto, to discuss peace and security issues, with a focus on Iran, North Korea, Afghanistan, Pakistan and the Middle East peace process, before a concluding news conference.

Senior administration officials say President Obama and other G-8 and G-20 leaders will work on ongoing steps to ensure a durable global economic recovery, and discuss financial regulatory reform, along with trade, climate change, energy security and energy subsidies.

At a White House news conference Thursday with Russian President Dmitry Medvedev, who will also be in Toronto, President Obama explained decisions he sees G-20 countries facing in order to sustain economic growth and re-balance the global financial situation.

"Not every country is going to respond in the same way but all of us are going to have responsibilities to re-balance in ways that allow for long-term sustained economic growth in which all countries are participating and hopefully the citizens of all these countries will benefit," he said.

The president said China's decision to allow its currency to rise in value against the U.S. Dollar will have to be monitored over the course of the year.

President Obama will hold a series of bilateral meetings in Toronto on Saturday, including his first face to face with British Prime Minister David Cameron.  Afghanistan and Iran will be key topics.

Administration officials say Mr. Obama will use the annual gatherings to underscore the U.S. commitment to leadership in and increased engagement with Asia.

Particularly important will talks with South Korean president Lee Myung-bak, underscoring the strength of the bilateral security alliance in the wake of the sinking of a South Korean warship by North Korea.

In talks with China's President Hu Jintao, senior U.S. officials say the president will discuss global economic and security issues, including Iran and the recent U.N. Security Council resolution approved with Beijing's support.

U.S. officials say Mr. Obama's approach on China is based on a recognition of cooperative and competitive elements in the relationship, while looking to expand as much as possible the cooperative aspect.  

Asked if the president will raise the issue of U.S. - China military to military relations, suspended by Beijing this past January, the officials would only reiterate Washington's position that military exchanges be resumed.

Among other bilaterals scheduled so far, President Obama will meet with India's Prime Minister Manmohan Singh, President Susilo Bambang Yudhoyono of Indonesia, and Prime Minister Naoto Kan of Japan, still the only Asian member of the Group of Eight nations.

U.S. domestic issues forced President Obama to twice postpone a planned visit to Indonesia.  U.S. officials say the president is likely to use his G-20 meeting with President Yudhoyono to express his admiration for Indonesian actions to fight terrorism.

You May Like

Captured IS Militants Explain Why They Fought

Fighters from Turkey, Syria tell VOA Kurdish Service what drew them to extremism, jihad More

Security Experts Split on Kenyan Barrier Wall

Experts divided on whether initiative aiming to keep out al-Shabab militants is long-awaited solution or misguided effort More

Video Philippines Wants Tourists Spending Money at New Casinos

Officials say they hope to turn Manila into the next Macau, which has long been Asia’s gambling hub More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Liberia's Almost Last Ebola Patient Grateful but Still Grievingi
X
Benno Muchler
March 26, 2015 3:41 PM
Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Liberia's Almost Last Ebola Patient Grateful but Still Grieving

Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Cambodian Land Grabs Threaten Traditional Communities

Indigenous communities in Cambodia's Ratanakiri province say the government’s economic land concession policy is taking away their land and traditional way of life, making many fear that their identity will soon be lost. Local authorities, though, have denied this is the case. VOA's Say Mony went to investigate and filed this report, narrated by Colin Lovett.
Video

Video US, South Korea Conduct Joint Military Exercises

The Eighth U.S. Army Division and the Eighth Republic of Korea Mechanized Infantry Division put on a well orchestrated show of force for the media this week during their joint military training exercises in South Korea. VOA’s Seoul correspondent Brian Padden was there and reports the soldiers were well disciplined both in conducting a complex live fire exercise and in staying on message with the press.
Video

Video Space Program Status Disappoints 'Last Man on the Moon'

One of the films that drew big crowds last week at the annual South by Southwest festival in Austin, Texas, tells the story of the last human being to stand on the moon, U.S. astronaut Eugene Cernan. It has been 42 years since Cernan returned from the moon and he laments that no one else has gone there since. VOA’s Greg Flakus reports.
Video

Video Young Filmmakers Shine Spotlight on Giving Back

A group of student filmmakers from across the United States joined President Barack Obama at the White House this month for the second annual White House Student Film Festival. Fifteen short films were officially selected from more than 1,500 entries by students aged 6 through 18. The filmmakers and their families then joined the president and a group of celebrities for a screening of their films. VOA’s Julie Taboh reports.
Video

Video VOA Exclusive: Interview with Afghan President Ashraf Ghani

Afghan President Ashraf Ghani, during his first visit as president to Washington, gave a one-on-one interview with VOA Afghan Service reporter Said Suleiman Ashna, about his request for a change in U.S. troop levels, the threat from the Islamic State, and repairing relations with the United States and Pakistan. The interview was held at Blair House, late Sunday, in Pashto.
Video

Video California Science Center Tells Story of Dead Sea Scrolls

The ancient manuscripts were uncovered in the mid-20th century, and they are still yielding clues about life and religious beliefs in ancient Israel. As VOA's Mike O'Sullivan reports, an exhibit in Los Angeles shows how modern science is bringing the history of these ancient documents to life.
Video

Video Angelina Jolie Takes Another Bold Step

Hollywood actress and filmmaker Angelina Jolie has revealed she had her ovaries and fallopian tubes removed to lower her odds of getting cancer. Doctors say the huge publicity over her decision will help raise awareness about the importance of cancer screening. VOA’s George Putic has more

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More