By Xinhua
Kleinmond (South Africa) : Finance ministers and central bank governors from the 20 most industrialized and emerging economies started the G20 meeting near Cape Town Saturday to discuss global financial stability.
The G20 represents about two-thirds of the world’s population and includes countries that account for 90 percent of total global economic output.
To escape from protesting demonstrators, the South African hosts chose an ocean-facing golf estate in Kleinmond, around 100 km southeast of Cape Town, as a venue for the two-day meet.
The agenda for the meeting includes falling US dollar, the deadlocked Doha trade talks and reforms of the International Monetary Fund and World Bank.
US Treasury Secretary Henry Paulson said in Cape Town Friday that Washington was following a strong dollar policy and indicated that he expected the currency to rebound.