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Finance Ministers to Meet in Canada

October 17, 2001

OTTAWA (AP) _ Finance ministers from G-20 nations and policy-makers of the International Monetary Fund and World Bank will meet in Canada next month after security concerns forced them to change venues.

Finance Minister Paul Martin announced Wednesday that Canada will host the Nov. 16-20 meeting of G-20 finance ministers that was scheduled to be held in India on the same dates.

India requested a venue change due to tensions in the region in the aftermath of the Sept. 11 terrorist attacks in the United States and the subsequent U.S.-led military campaign on targets in Afghanistan.

Martin also said the International Monetary and Financial Committee, the policy-making body of the IMF, and the World Bank Development Committee would join the G-20 finance ministers.

The IMF and World Bank committees were supposed to meet Sept. 28-29 in Washington, but security concerns caused a postponement.

Martin said world bodies must continue their normal activities despite the threat of terrorism.

``We cannot and we will not allow terrorist attacks to bring the world to a halt,″ he said, adding that he understood India’s decision to seek a different venue for the G-20 meeting ``considering the current international situation.″

The Ottawa meetings will add the issue of cutting terrorist funding to an agenda that includes solutions to global poverty and responses to the global economic downturn, officials said.

Ottawa recently hosted a meeting of the NATO Parliamentary Assembly without incident, and Martin said security officials told him they could handle the finance ministers meeting.

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