LD G20 3LST

The theme of the current G-20 summit, the fifth since the
one in Washington in 2008 at the height of the global
financial crisis and the second this year, is 'Shared
Growth Beyond Crisis' and world leaders are expected to review
the global economic situation and the status of the world
recovery, as well as the progress of implementation of past
G-20 summit decisions.
Apart from Singh, US President Barack Obama, British
Prime Minister David Cameron, Canadian Prime Minister Stephen
Harper, French President Nicolas Sarkozy and German Chancellor
Angela Merkel will attend the summit, to be chaired by South
Korean President Lee Myung-Bak.
India attaches significance to the Seoul Summit, which is
the first meeting of the G-20 in a non G-8 country and that
too, in an Asian nation that has recently emerged as an
industrialised country.
The US call for G-20 leaders to stand against economic
protectionism and the Federal Reserve's decision to pump USD
600 billion into the US economy seeking higher yields is
expected to push up the value of the dollar at a time when
Washington has complained against China undervaluing the yuan.
These issues have already generated so much heat on the
eve of the summit that some feel host South Korea's focus on
development could be derailed. PTI