G-20 summit may offer ‘grand IMF bargain’ to India, China

Emerging economic powerhouses China and India may be encouraged to strike a “grand bargain” at a coming London summit in which they will take on a greater role in the international financial system in exchange for keeping down protectionist barriers. The deal could be struck at the April 2 summit of the Group of 20 (G-20) countries in London - to be attended by US President Barack Obama - and forms part of British Prime Minister Gordon Brown’s efforts to seek sweeping reforms of the International Monetary Fund (IMF)