G20 Pledge to Boost Global Economy

(5 Sept 09 - RV) Top finance officials from rich and developing countries have pledged to maintain stimulus measures to boost the global economy, warning that the fledging recovery that provided the backdrop to their meeting is by no means assured. Leaders also discussed how to finance the cost of climate change initiatives, but differences between rich and developing countries prevented them from agreeing measures to curb global warming. Greenpeace campaigner Stephanie Tunmore says that despite global economic woes, industrialized nations must subsidize the climate change initiatives in developing economies…