While much of the world’s attention during the G20 summit will be focused on Syria, economic recovery remains the priority of developing countries who face difficulties as the U.S. phases out its economic stimulus measures.
The two-day meeting in St. Petersburg is meant to focus on jobs and global economic growth, helping economies stay afloat as the United States raises interest rates. Tightening U.S. monetary policies threaten to drive down the stock markets and weaken the economics of such G20 members as Brazil, India, Indonesia, Turkey, and South Africa.
The leaders of some of those nations want to ensure that the United States coordinates with other nations when it revises its financial policies.
Another issue on the table is regulation of non-bank financial institutions that deal in hedge funds and money markets.
Some activists are also singling out Russia for criticism of its gay propaganda law and squabbles with the United States over American adoption of Russian children. VOA