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The leaders of the G-20 group of the world’s 20 most important economies, meeting in Pittsburgh, Pennsylvania, have said that the grouping will become the world’s foremost economic coordination body, the White House announced late 24 September. This is a recognition of the importance of emerging economic powers such as Brazil, China and India. The G-8 comprised only the world’s top industrialized nations. In Pittsburgh the US is urging that institutions like the World Bank and the International Monetary Fund (IMF) reflect the changing economic circumstances as well. South Korea will preside the next G-20 meeting. Los Angeles Times, New York Times