Geithner Says G-20 Consensus Is Building on Early-Warning System

U.S. Treasury Secretary Timothy Geithner said Saturday that the Group of 20 largest industrial and developing nations is gradually building consensus on an early-warning system to head off future crises and expressed confidence the group would complete the program.

He spoke after China agreed to allow international scrutiny of its much-criticized exchange-rate policy in the face of unified opposition from other G-20 members, including from emerging nations that previously backed Beijing.

Pranab Mukherjee to attend G-20 finance ministers' meet in Paris

Union Finance Minister Pranab Mukherjee will leave for Paris on Thursday evening on a three-day visit to attend G-20 Finance Ministers and Central Bank Governors' meet from February 18.

During his stay in Paris, Mukherjee will hold his first meeting with his French counterpart Christine Legarde on Friday where the two leaders are expected to discuss both bilateral and multi lateral issues of mutual interest, including revenue related matters.

US Likely To Leverage G-20 Agenda To Tackle China Yuan Policy

The U.S. will likely leverage many of the major economic issues at the upcoming conference of the Group of 20 largest economies as an opportunity to continue pressuring China on its currency policy.

The G-20 will tackle rebalancing the global economy and emerging-market concerns about volatile capital flows and commodity-price inflation as some of its top priorities when world financial leaders meet in Paris, France later this week.

G-20 to weigh capital inflows, tie up with IMF: Japan

The Group of 20 financial chiefs will discuss this week destabilizing capital inflows to emerging market countries and collaboration with the International Monetary Fund to address the problem, Japanese Finance Minister Yoshihiko Noda said today.

Capital inflows to emerging economies will be a new, formal agenda, Noda told reporters, adding that the G-20 finance ministers and central bank governors will talk about what cooperation could be possible between the group and the IMF, an international lender in Washington.

Recovery Redefines G-20 Challenge

The global economy's recovery, though still fragile, is easing pressure on world leaders to address lingering financial and economic risks at the meeting of finance ministers from the Group of 20 leading economies in Paris later this week.

Fears that helped drive cooperation during the peak of the financial crisis are dissipating, and the agenda promoted by the G-20's current chairman, French President Nicolas Sarkozy, is proving divisive.

France invites UAE to G-20 summit in Cannes

France invited Ethiopia, Singapore, Spain, the UAE and Equatorial Guinea to the Group of 20 nations summit which will be held in Cannes on November 3 and November 4.

The invitation of the five non-member countries was “in line with the principles defined by the G-20 under the Korean presidency and after consultations with all G-20 partners,” France said in a statement on Saturday.

G-20 Set to Agree on Need to Oversee Capital Flows

The world's economic leaders are expected to agree next week on the need for a new system to oversee international capital flows. But a decision on what exactly the guidelines should be, and how to enforce them, could prove a much thornier issue.

Finance officials from the Group of 20 world's largest economies and representatives of international financial institutions are due to gather on February 18 and 19 for the first high-level meeting under France's year-long G-20 presidency. Against the backdrop of a wobbly global economy, officials plan to tackle the euro-zone debt crisis, currency policy, financial regulation and a raft of other economic problems ailing rich and developing countries alike. They also may discuss how to better represent non-G-20 countries at future meetings.