Reuters
September 24, 2009

[efoods]Global leaders will institutionalize the G20 as the world’s main economic governing council, British Prime Minister Gordon Brown said Thursday.

He said G20 leaders would meet regularly, with South Korea taking over the presidency next year.

“The G20 will take a bigger role in economic cooperation than the G8 has in the past,” Brown told reporters ahead of this week’s meeting of G20 leaders in Pittsburgh.

Brown said Shriti Vadera will leave her role as business minister to become Britain’s G20 coordinator and work closely with South Korea.

Trade minister Mervyn Davies will take over Vadera’s ministerial responsibilities.

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