G-20 Summit: Mixed bag for countries

The summit failed to produce any coordinated stimulus measures to rescue the world economy from a downturn, and as such was not likely to prevent further market turbulence in coming weeks and months, according to media reports. It was expected from the special meeting of G-20 summit, media report say.

It is clear now the nations like India and Chain have to play significant role in world economy. In the summit, the members have reportedly decided to fund and strengthen the International Monetary Fund and other international organizations. The details regarding the lending to these organizations are not yet disclosed, according to media reports.