+ The G7 GROUP OF RICH COUNTRIES is likely to set up a new body dedicated
to financial reform in developing countries. GX, comprising 20
countries, including the G7 and those regarded as "systemically
important", will be a talking shop with the aim of reforming banking
systems and avoiding future financial crises.
No doubt the agenda will be mainly neo-liberal. But perhaps not entirely. And this committee will have some elements of consultation rather than the IMF or the World Bank approaching each supplicant nation separately.
Chris Burford