Leaders of G20 nations India, Brazil and South Africa meet

Описание: (15 Oct 2008) SHOTLIST
Pool
1. Wide of (from left to right) Brazilian President Luiz Inacio Lula da Silva, Indian Prime Minister Manmohan Singh and South African President Kgalema Motlanthe holding hands together for photo opportunity
2. Pull out from close up of hands to wide of Singh, Lula da Silva and Motlanthe
AP Television
3. Wide of summit
4. SOUNDBITE: (English) Manmohan Singh, Indian Prime Minister:
"We are meeting against the backdrop of the international financial crisis. Our voice on how to manage this crisis in a way that does not jeopardise our development priorities needs to be heard in international councils. We need more than ever before a renewed effort to reform the institutions of international governance, whether it is the United Nations or the Group of 8 (industrialised nations)."
5. Mid of South African delegation
6. Cutaway of photographers
7. Wide rear shot of Lula da Silva addressing summit
8. SOUNDBITE: (English) Kgalema Motlanthe, South African President:
"Ten years ago, the efforts of Asian countries to stabilise their financial systems and develop sustainable financial models were dismissed by those who today pour in huge amounts of capital to shore up institutions whose governance practices are questionable. We do hope that as joint efforts are put in place to address these challenges, leaders of both developed and developing countries will examine the central question as to what really went wrong, where are the self-regulatory mechanisms that we were told would obviate what has become an unmitigated disaster."
9. Close up of the IBSA logo
10. Wide of summit
STORYLINE:
India, Brazil and South Africa, all G-20 member states, asked rich countries on Wednesday to listen to them while deciding how to manage the current global financial crisis, to prevent jeopardising the priorities of developing countries.
Most emerging market stocks have fallen harder in Asia, Russia and Latin America in recent weeks than they have in the Untied States and Western Europe.
According to analysts the reason is that foreign investors, who over the last four years fuelled the emerging markets boom, have lost their appetite for risk amid the credit crunch and are pulling money out to meet redemptions at home.
On Wednesday, Indian Prime Minister Manmohan Singh said " our voice on how to manage this crisis in a way that does not jeopardise our development priorities needs to be heard in international councils."
The world needed more than ever a renewed effort to reform the institutions of international governance, under the United Nations or the G-8, he added.
President Motlanthe of South Africa said the hope for future economic recovery potentially lay in developing countries and asked both developed and developing countries to examine the central question of what really went wrong and where were the self-regulatory mechanisms "that we were told would obviate what has become an unmitigated disaster."
Brazilian President Luiz Inacio Lula da Silva told the summit that the developing countries were the victims of a crisis generated by the rich countries.
Both Lula and Motlanthe sharply criticised the developed countries as the world reeled under the current financial turmoil.
Two years ago, India, Brazil and South Africa agreed to explore ways to cooperate on peaceful uses for nuclear energy under the safeguards of the International Atomic Energy Agency.
On Wednesday, Indian Prime Minister Singh urged South Africa and Brazil also to cooperate in dealing with the increase in energy and food prices and the challenge of terrorism threatening developmental efforts.

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