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

Photogallery Early Nigeria Results Show Buhari Leading; Tampering Concerns Mount

One local group monitoring polls is concerned politicians might use security agencies to 'fiddle with the election collation process' at state level More

UN: 7,300 Civilians Killed in Boko Haram Insurgency

A senior UN humanitarian official tells the United Nations Security Council 1,000 people have been killed this year More

Turkish President Warns Iran About Trying to Dominate Middle East

Warning comes amid growing concerns inside Turkey that it will be sucked into a sectarian conflict with its neighbor 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.
Film Tells Story of Musicians in Mali Threatened by Jihadistsi
X
Greg Flakus
March 30, 2015 6:48 PM
At this year's annual South by Southwest film and music festival in Austin, Texas, some musicians from Mali were on hand to promote a film about how their lives were upturned by jihadists who destroyed ancient treasures in the city of Timbuktu and prohibited anyone from playing music under threat of death. As VOA’s Greg Flakus reports from Austin, some are afraid to return to their hometowns even though the jihadists are no longer in control there.
Video

Video Film Tells Story of Musicians in Mali Threatened by Jihadists

At this year's annual South by Southwest film and music festival in Austin, Texas, some musicians from Mali were on hand to promote a film about how their lives were upturned by jihadists who destroyed ancient treasures in the city of Timbuktu and prohibited anyone from playing music under threat of death. As VOA’s Greg Flakus reports from Austin, some are afraid to return to their hometowns even though the jihadists are no longer in control there.
Video

Video With Coalition Airstrikes, Iraq Entering 'Last Page' of IS Battle

American warplanes joined Iraq's battle against the so-called 'Islamic State' in northern Iraq late Wednesday, as Iraqi ground troops launched a massive assault on Tikrit. Analysts say the offensive could take the coalition a step further towards Mosul, the largest city held by Islamic State forces. Others say it could also deepen already-dangerous sectarian tensions in the region. VOA's Heather Murdock has more from Cairo.
Video

Video Philippines Wants Tourists Spending Money at New Casinos

Tourism is a multi-billion dollar industry in the Philippines. Close to five million foreign visitors traveled there last year, perhaps lured by the country’s tropical beaches. But Jason Strother reports from Manila that the country hopes to entice more travelers to stay indoors and spend money inside new casinos.
Video

Video Civilian Casualties Push Men to Join Rebels in Ukraine

The continued fighting in eastern Ukraine and the shelling of civilian neighborhoods seem to be pushing more men to join the separatist fighters. Many of the new recruits are residents of Ukraine made bitter by new grievances, as well as old. VOA's Patrick Wells reports.
Video

Video Islamic State Prisoners Talk of Curiosity, God, Regret

Islamic State fighter, a prisoner of Kurdish YPG forces, asked his family asking for forgiveness: "I destroyed myself and I destroyed them along with me." The Syrian youth was one of two detainees who spoke to VOA’s Kurdish Service about the path they chose; their names have been changed and identifying details obscured. VOA's Zana Omer reports.
Video

Video Germanwings Findings Raise Issue of Psychological Testing for Pilots

More is being discovered about the co-pilot in the crash of Germanwings Flight 9525 in the French Alps. Investigators say he was hiding a medical condition, raising questions about the mental qualifications of pilots. VOA's Carolyn Presutti reports.
Video

Video Hi-tech Motorbike Helmet's Goal: Improve Road Safety

In cities with heavily congested traffic, people can get around much faster on a motorcycle than in a car. But a rider who is not sure of his route may have to stop to look at the map or consult a GPS. A Russian start-up company is working to make navigation easier for motorcyclists. Designers at Moscow-based LiveMap are developing a smart helmet with a built-in navigation system, head-mounted display and voice recognition. Zlatica Hoke has more.
Video

Video DOJ: Illinois National Guard Soldier Tried to Join ISIS

U.S. federal law enforcement agents arrested two suburban Chicago men accused of trying to join ISIS overseas, while also plotting attacks in the United States. As VOA’s Kane Farabaugh reports from the Midwest state of Illinois, one of those arrested is a soldier of the Illinois National Guard.
Video

Video New Wheelchair Is Easier to Use, Increases Mobility

Traditional push-rim wheelchairs create a lot of stress for arm, shoulder and neck muscles and joints. A redesigned chair, based on readily available bicycle technology, radically increases mobility while reducing the physical effort. VOA’s George Putic reports.
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 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.

VOA Blogs

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