Obama, facing widespread criticism of U.S. easy-money policy as he arrived for the two-day Group of 20 leaders summit, said a strong U.S. economy was vital to the global recovery and urged his G20 counterparts to put aside their differences and do their part to bolster growth.
"When all nations do their part -- emerging no less than advanced, surplus no less than deficit -- we all benefit from higher growth," Obama said in a letter sent to G20 leaders on Tuesday. A copy was obtained by Reuters on Wednesday.
The bridge building came after a day of heated arguments as negotiators struggled to hammer out a closing statement that all G20 leaders could sign. Deep divisions have emerged over economic policy, particularly the U.S. Federal Reserve's decision last week to spend another $600 billion buying government bonds.
Critics charge the Fed's policy weakens the dollar to the detriment of other nations, but Obama said the dollar's strength ultimately rests on the strength of the U.S. economy.
Deputies clutching mobile phones to their ears shuttled in and out of a hall as they tried to draft a final statement, to be released on Friday, but remained far apart on pivotal issues, including currency exchange rates, G20 spokesman Kim Yoon Kyung said.
"We had to open the door because the debate was so animated and the room was getting hot," he said, referring to day-long on Tuesday.
An Indian official close to the negotiations said discussions on reducing current account imbalances were "picking up" after a rocky start.
Group of 20 leaders had hoped this week's gathering, the fifth since the financial crisis exploded in 2008, would mark the beginning of a new era of global cooperation. Hosts South Korea printed banners proclaiming a slogan of "Shared Growth Beyond Crisis."
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