Global leaders begin G20 summit

High Hopes from the G20 Meet:
Leaders from across the world have assembled for the G20 Summit in London to discuss about one of the worst financial crisis since the 1930s.Security is beefed up at the at the Excel Centre in London's Docklands where the summit began today. Leaders at the summit have only a few hours to reach agreement on plans to revive the world economy.

Key Issue is the Global Financial Calamity: Consensus on boosts in public spending to revive the world economy is likely to be arrived. Leaders will debate however if a target figure should be put on the size of the stimulus plans already announced.

Other Agendas:A number of other issues will also come up which require commitment of money figures from the governments One of the important ones being how much more money should be given to the International Monetary Fund (IMF), whose role in the present financial climate has increased radically.


Future of the Dollar:
Debate has been fired on the future of the US dollar as the main reserve currency in the world that will continue for some time.China's voice is likely to grow stronger on this issue as there is already agreement that it will be given a bigger say in the IMF from 2011.

Most other developing countries are eager to get a bigger influence too, and would like the US to be stripped of its veto power.Leaders are also expected to pledge additional funds to help the poorest developing countries who have been hit by the crisis

Here are Some Pictures from the Summit in London