Mexican President Felipe Calderon declared the G20 Los Cabos Summit a “success,” during a press conference held following the closure of the summit Tuesday and, “with actions to combat the crisis in Europe and with an agreement ensuring an increase in financial resources available to the International Monetary Fund (IMF) of more than 450 billion U.S. dollars.”
“It was fundamental to arrive at concrete agreements and Mexico is committed to take into consideration all voices.”
The seventh G20 Los Cabos Summit was attended by heads of state or government representing 19 nations of the group’s 20 members, plus leaders representing European Union, as well as leaders from major international organizations, including the United Nations, IMF, and from a number of countries being invited by Mexico.
The G20 groups Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, the Republic of Korea, Turkey, the United Kingdom, the United States, as well as the European Union. It was created in December 1999 in response to the financial crises affecting the emerging economies in the late 1990s.
Also attending the wrap-up press conference for the G20, Baja California Sur’s Governor Covarrubias thanked all Sudcalifornianos that showed a friendly face to the visitors of G20. He said that the objective of being a host comprised of noble people in a place of incomparable beauty and natural surroundings, all on center stage in front of the world to enjoy, had been accomplished.
He also added that, “The distinguished guests, members of the national and International news media as well as delegation members from each country, talk of the hospitality of our people and the fraternity of the people who live here. We have all the services available for the development of economical activities. What we had set out to be achieved has been achieved and only because of one reason; because we work together on one team, focused on the future for our children.”
It is important to mention that the G20 is the premier forum for international economical coordination that includes both advanced and emerging economies that together represents 80 percent of global output and two thirds of the world’s population.