‘Business Summit will facilitate public-private partnerships’

The following is a message from Lee Myung-bak, the President of the Republic of Korea, on the occasion of Korea’s opening of the G20 Business Summit in Seoul. -- Ed




When the global economic and financial crisis struck, many feared that the crisis was going to be similar or even worse than the Great Depression of the 1930s. Amid such panic and uncertainty, the G20 played a crucial role in averting the worst. The G20 brought about an unprecedented level of policy coordination and adopted various measures that yielded substantial results. As a result, the G20 is now considered the premier forum for global economic affairs.