G20 money ministers discuss recovery and climate cash

G20 finance ministers and central bankers are in St Andrews, Scotland with a warning from the IMF not to withdraw emergency financial measures from the economy, as signs that the recession is over are patchy at best.

The British Chancellor Alastair Darling, who hosts the talks, vowed that the G20 would keep support in place until the recovery is established. “Climate finance” is also on the agenda, that is how much cash the rich countries need to give poorer countries to help economic expansion, while avoiding rampant pollution. The G20 must decide just how much money is to be handed over from developed to developing countries. The British government believes poorer states will need around 70 billion euros a year by 2020 to cut emissions.

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