Meles calls for fair service from IMF, WB to deal with global economic crisis

Addis Ababa, June 21, 2012 (WIC) - The seventh Summit of the Group of Twenty (G20) has ended in Los Cabos, Mexico.

During their two-day session, the G20 leaders agreed to addressing the euro zone crisis and generating global growth.

Addressing the Summit, Prime Minister Meles Zenawi stated that un-proportional development among countries is the main cause for the current global economic crisis.

Meles mentioned the importance of the two giant financial institutions, IMF and the World Bank (WB) to serve all nations fairly and in due diligence.

The Summit ended with the signing of the Action Plan of Los Cabos for Growth and Jobs.

Agreements have also been reached on increasing financial resources available to the International Monetary Fund (IMF) by 456 billion US Dollars. (ERTA)