WRAPUP 1-Finance leaders urge vigilance on terror, poverty
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Finance officials from all over the globe gathered under heavy guard on Sunday to push for a stepped-up fight against terror financing while warning the poor must not be forgotten.
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Finance ministers and central bank chiefs from the world&#39;s 20 biggest economies voiced concern on Saturday over sudden currency swings, venturing for the
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World finance leaders ended their annual meeting yesterday with renewed pledges to promote global prosperity, amid warnings that the battle against poverty had taken a back seat to the war on terrorism.
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With the global economy under threat from rising oil prices and sharp regional growth differences, the International Monetary Fund appealed to governments to act boldly to preserve a worldwide recovery.
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In the wake of Sept. 11, there is a prevailing sense of wariness in the finance industry, in regard to the security environment as well as the direction of the markets.
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British finance minister Alistair Darling called Friday for &quot;international action&quot; to confront risks to stability in the banking sector after the bailout of major British mortgage lender Northern Rock.
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A summit of Latin American leaders in Guyana calls for more attention to be paid to poverty and social problems.
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Club of sovereign lenders next meets on January 20 and it hopes it will free up more funds for reconstruction. The proposal came amid concerns over ballooning costs of reconstruction from the tsunami that killed over 45,000 people in Indonesia.
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With Africa lagging behind in global development goals and rich countries cutting aid, leaders of multilateral financial institutions decided on Friday it was time to mobilize resources to reduce extreme poverty on the continent.
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The head of the World Bank warned that the global war on terror could divert resources from fighting poverty and might pose another risk to a promising global recovery.
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Global finance chiefs meeting in Washington warn finance ministers and central banks to focus on fighting inflation.
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Critical US securities institutions have beefed up protection from terrorist attacks and other disasters, but cost concerns prevent them from taking further steps, officials said in a report on Wednesday.
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Global finance chiefs on Saturday  called for a more broad-based effort to calm financial markets,  including tighter scrutiny by the International Monetary Fund  and other institutions of increasingly powerful state-owned  investment funds.
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World leaders are hoping to put a spotlight on the growing gap between rich and poor and the failure to find $50 billion a year to help more than one billion people escape extreme poverty and start sharing ...
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The global economy is healthy and no major financial crises loom. Yet finance ministers meeting this week must confront uncertainties about the fight against terrorism, rising interest rates and volatile oil prices.
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World leaders gathered here for an emergency summit with the United Nations saying aid pledges since the Asian tsunami disaster were near four billion dollars as the International Monetary Fund offered one billion dollars in aid.
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UNITED NATIONS -- The leaders of France and Brazil warned on Monday that poverty leads to violence and urged the international community to find ways to narrow the gap between rich and poor, casting a spotlight on the more than a billion people living on