"There's going to be definitely some concrete action on tax havens which is going to be probably baby steps towards what we need, towards closing down those tax havens and maybe some language around climate change, but probably not nearly enough."
4. Mid of media centre with sign reading: (English) "G20 Voice"
5. SOUNDBITE (English) Kumi Naidoo, Global Call to Action Against Poverty blogger for South Africa:
"They have to be able to put concrete figures on the table, concrete actions and concrete timelines. If they fail to do that then I think that what you are going to see is that the anger on the streets are going to rise across the world and that the legitimacy of these governments that are around the table are going to be severely eroded and will decline."
6. Mid of woman looking at monitor in media centre
7. Wide of media
8. SOUNDBITE (Spanish) Helena Suarez, Global Call to Action Against Poverty blogger for Latin America:
"The majority of the countries really affected by the crisis are countries that are not in the G20. They are the countries who are poorest and which need the most development. Also, the people who are most affected are women, because they are in a situation of poverty, and they are poorly represented in this summit. Therefore we need concrete decisions to take steps forward. Also that these decisions look toward the United Nations, to look for solutions that represent everybody and take in account people that are most affected."
9. Wide of media centre
10. Crowd of journalists inside media room at ExCel Centre, venue of G20 summit
11. Journalists surrounding British Chancellor of the Exchequer Alistair Darling
12. Darling and officials walking inside media centre
13. SOUNDBITE: (English) Alistair Darling, Britain's Chancellor of the Exchequer:
"I think we all know that the system has got to be more intrusive, we've got to ask more searching questions, we've got to make sure there's more international monitoring and supervision to spot, in an early way, problems that may emerge - and we've got to make sure that some of the offshore measures - things like hedge funds that may be important to the financial system - that we make sure that we are monitoring them as well."
14. Wide of journalists working in media centre
15. SOUNDBITE: (English) Alistair Darling, Britain's Chancellor of the Exchequer:
"The regulatory regime, by its very nature, is one where you either comply with it, or there is a sanction. But we've got to make sure that we get that supervisory, that regulatory regime right. And what we conceive all too clearly now is that it has to be a global system because we do have a global banking system."
16. Journalists in media centre
17. SOUNDBITE: (English) Lord Malloch-Brown, British Foreign Office Minister and special envoy for the G20:
"One reason why we're trying to increase the resources of the IMF today is to make sure that countries all over the world have access to the liquidity they need. Also, you'll see strong, tough language today about the need to go on cleaning out the toxic assets of banks everywhere, because you won't get banks lending to each other unless they are convinced that they are lending to partner who is whole and strong."
Leaders from around the globe made headway on Thursday on tackling the world's worst financial crisis since the 1930s, with signs of agreements to give more money to the International Monetary Fund (IMF), clamp down on tax havens and tighten regulation over freewheeling hedge funds.
A British official said the Group of 20 rich and developing countries would likely approve giving more than 500 (b) billion US dollars to the IMF so it can increase its loans to governments struggling because of the financial crisis.
The plight of developing countries is the third priority on the main agenda at Thursday's meeting, coming in behind the debate over economic stimulus and regulatory reform.
However, momentum is growing to ensure discussions on those issues include acknowledgment of the world's poor, as many developing countries suffer from withdrawal of lending by risk-averse banks, flight of the foreign investment and skyrocketing interest rates.
Groups like Oxfam anticipated poorer countries would receive funds as a result of the summit but added that while the leaders planned on cracking down on tax havens, nothing much would get done.
Tax evasion alone is estimated to cost developing countries 160 (b) billion US dollars each year - more than the 100 (b) billion US dollars they receive in aid.
Social groups attending the summit also had firm ideas about they were expecting from the G20 leaders.
Those close to the negotiations said France and Germany had successfully persuaded the Group of 20 leaders to back stronger financial regulations to avoid a repeat of the current crisis.
Addressing tax havens and other regulatory issues had threatened to derail the summit, with French President Nicolas Sarkozy and German Chancellor Angela Merkel insisting the meeting must take concrete steps on tougher financial regulation.
Sarkozy and Merkel want the G-20 to publish a blacklist of tax havens and announce sanctions at the end of Thursday's meeting.
A French official, speaking on condition of anonymity, said that leaders were moving "slowly together" on the regulation issue.
Sarkozy and Merkel have tried to push regulation to the fore, calling for new scrutiny of ratings agencies and lightly regulated hedge funds.
The British Chancellor of the Exchequer Alistair Darling struck a positive note about a concrete agreement being reached on financial regulation.
"I think we all know that the system has got to be more intrusive," Darling said.
Britain's Finance Secretary Stephen Timms, a deputy to Darling, earlier said morning talks had included discussions on when a blacklist of tax havens will be published.
On the issue of sanctions against those who do not comply with regulatory reform, Darling added "We've got to make sure that we get that supervisory, that regulatory regime right."
British Foreign Office Minister Lord Malloch Brown said increasing IMF resources was essential for financial liquidity, saying he expected "strong language" from G20 leaders on toxic assets.
The summit will also examine ways to get so-called toxic assets, unsellable securities such as mortgage-backed bonds, off banks' balance sheet where they are impeding lending to consumers and businesses.
The British official said the boost to the IMF would include significant pledges from China, and in return there would be increasing efforts to give China and other emerging countries greater clout on the IMF.
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