G20Voice

President Obama will announce Friday that the once elite club of rich industrial nations known as the Group of 7 will be permanently replaced as a global forum for economic policy by the much broader Group of 20 that includes China, Brazil, India and other fast-growing developing countries, administration officials said Thursday.

Panelists on a discussion about efforts to fight global warming ahead of a key Copenhagen summit in December said it’s crucial for the G-20 take steps toward breaking gridlock over how emissions reductions will be financed.

The President of Brazil is optimistic about the upcoming G20 in Pittsburgh and strongly defends action taken at the last G20 in this post on Huffingtonpost.com.