{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='G20 ministers end meeting on global crisis, comments' data-url='/boclips/videos/5c54c365d8eafeecae160f60' data-video-url='/boclips/videos/5c54c365d8eafeecae160f60' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nG20 ministers end meeting on global crisis, comments\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of Hyatt Hotel with flags from South Africa, Russia and Brazil at front, venue of G-20 meeting2. Mid of flags3. Police car outside hotel4. Wide of press conference with (from left) Stephen Timms, British Financial Secretary to...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of Hyatt Hotel with flags from South Africa, Russia and Brazil at front, venue of G-20 meeting\u003cbr/\u003e2. Mid of flags\u003cbr/\u003e3. Police car outside hotel\u003cbr/\u003e4. Wide of press conference with (from left) Stephen Timms, British Financial Secretary to the Treasury; Guido Mantega, Brazilian Finance Minister; and Trevor Manuel, South African Finance Minister \u003cbr/\u003e5. SOUNDBITE (English) Stephen Timms, British Financial Secretary to the Treasury:\u003cbr/\u003e\"We are in extraordinary times. The global economy is facing shocks, which are wholly without precedent, and we need a new approach that is appropriate given these conditions. We have seen increasingly integrated, global financial markets, very large amounts of capital flowing across borders, and investors looked for high returns without paying enough attention to the risks that were involved.\"\u003cbr/\u003e6. Cutaway of journalist with laptop \u003cbr/\u003e7. SOUNDBITE (English) Trevor Manuel, South African Finance Minister \u003cbr/\u003e\"The G-7 is no longer a little club on its own; the emerging market economies have to be part of the solution, part of the decision making, and that is what we are looking for, and I think that the leadership through this meeting here lays a very strong basis for that.\" \u003cbr/\u003e8. Mid of cameramen \u003cbr/\u003e9. SOUNDBITE (Portuguese) Guido Mantega, Brazilian Finance Minister:\u003cbr/\u003e\"Within the next thirty, sixty, ninety days, we are going to have to have solutions to regulate international financial markets in order to create a new behavioural structure for certain organs. At this point, we must strengthen the International Monetary Fund - it must have more representation, and we must modify the Financial Stability Forum, which should include emerging nations. We must also form a working group, that stems from the G-20, which will meet next week in Washington, DC and will count on the support of our heads of state.\" \u003cbr/\u003e10. Wide of news conference with Christine Lagarde, French Finance Minister\u003cbr/\u003e11. Mid of photographers \u003cbr/\u003e12. SOUNDBITE (English) Christine Lagarde, French Finance Minister: \u003cbr/\u003e\"Our conclusion was that, irrespective of where the crisis started, in this case in the United States, all countries around the table and probably all countries around the world are concerned and impacted.\" \u003cbr/\u003e13. Wide of press conference \u003cbr/\u003eFinance ministers and central bank presidents from 20 leading industrialised and developing countries (known as the Group of 20, or G-20) have said they support a bid from emerging market nations for more say in negotiations to restructure financial systems worldwide.\u003cbr/\u003eThey also said the G-20 should be transformed into a group with greater responsibility for drawing up rules to prevent future economic meltdowns.\u003cbr/\u003eG-20 ministers made the statement on Sunday at the close of their two-day meeting in Sao Paulo, Brazil, held to discuss the global financial crisis and to propose solutions.\u003cbr/\u003eIt comes ahead of a summit of G-20 leaders next week in Washington, DC.\u003cbr/\u003eDuring a trilateral press conference between the United Kingdom, South Africa and host Brazil, Stephen Timms, British Financial Secretary to the Treasury, said the world needed \"a new approach that is appropriate given these conditions.\"\u003cbr/\u003eHe blamed \"increasingly integrated, global financial markets, very large amounts of capital flowing across borders, and investors looked for high returns without paying enough attention to the risks that were involved.\"\u003cbr/\u003eTrevor Manuel, South Africa's Finance Minister, said key decisions could no longer be limited to the \"little club\" of the Group of Seven industrialised nations, known as the G-7, which comprises the world's most powerful nations.\u003cbr/\u003e\"The emerging market economies have to be part of the solution, part of the decision making, and that is what we are looking for, and I think that the leadership through this meeting here lays a very strong basis for that,\" he added. \u003cbr/\u003eBrazilian Finance Minister Guido Mantega also called for a more active role for emerging nations in institutions such as the World Bank and the International Monetary Fund. \u003cbr/\u003eEmerging market nations like Brazil, Russia, India and China have said worldwide economic policies developed by rich nations failed to prevent the current economic crisis.\u003cbr/\u003eMantega also said the Financial Stability Forum (FSF) - an advisory body to the G-7 - should be modified to include emerging nations.\u003cbr/\u003eThe FSF is chaired by Bank of Italy Governor Mario Draghi, and has been analysing the credit crisis, and proposing ways to help boost global market resilience and to prevent a repeat of the current crisis.\u003cbr/\u003eFrance's Christine Lagarde, speaking at a later news conference, said the G-20 finance ministers had concluded that \"irrespective of where the crisis started, in this case in the United States, all countries around the table and probably all countries around the world are concerned and impacted.\"\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' 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