Geithner to host global finance meeting

Treasury secretary will meet next week with finance ministers from the world's top economies next week.

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By Ben Rooney, CNNMoney.com staff writer

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A financial crisis has engulfed countries from the best-off to the worst-off around the world. The solutions to the problem are varied.

NEW YORK (CNNMoney.com) -- Treasury Secretary Tim Geithner will host a meeting of international finance ministers next week, the Treasury Department said Monday.

The April 24 gathering of Group of 7 officials in Washington, D.C., will be followed by a larger meeting of Group of 20 ministers.

After a summit in London earlier this month, G-20 member nations agreed to increase oversight of the global financial system and pledged more than $1 trillion to the IMF to help economies in need.

However, certain details of the plan remain unclear and analysts said next week's meetings will likely involve discussion of, among other things, how much money individual members will commit to the IMF.

Next week's meetings come one day ahead of annual spring meetings of the International Monetary Fund and World Bank. It will be the first time Geithner has hosted a G-7 meeting since he became Treasury secretary earlier this year.

In addition to the United States, other G-7 members are Canada, France, Germany, Italy, Japan and the United Kingdom.

The G-20 includes the G-7 members plus Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey and the European Union. To top of page

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