March 25, 2009 / 8:09 PM / 11 years ago

G20 must act on banking reform, job creation: Brown

Britain's Prime Minister Gordon Brown (L) and U.N. Secretary General Ban Ki-moon hold a news conference at the United Nations headquarters in New York March 25, 2009. REUTERS/Chip East

UNITED NATIONS (Reuters) - British Prime Minister Gordon Brown urged G20 leaders on Wednesday to take action at next month’s summit in London to ensure that the global banking system is reformed and jobs are created.

Speaking to reporters after a meeting with U.N. Secretary-General Ban Ki-moon, Brown also vowed that his government would do whatever is needed to ensure that Britain has a strong economy.

“We will have to take action in London to make sure that the banking system is reformed, to ensure ourselves that our financial institutions can come to the aid of the poorest countries,” Brown said about the upcoming G20 summit.

He added that the Group of 20 leaders needed “to make sure that we do what is necessary to ensure that there is strong growth and recovery — and particularly jobs in the world economy as a result of the actions that we take.”

Ban wrote to G20 countries urging them to back a $1 trillion stimulus package for the world’s poorest economies at the April 2 summit. Brown said he would be discussing aid figures with G20 leaders ahead of the summit to see how much the group would be willing to pledge.

Brown said the Bank of England had signaled that targeted action in the financial crisis may be necessary in the future. Without giving details, Brown said: “We will do whatever it takes to make sure that we have a strong economy.”

Reporting by Louis Charbonneau; Editing by Philip Barbara

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