Paulson Could Face Backlash From Poorer Countries

By: Associated Press Email
By: Associated Press Email
Treasury secretary Henry Paulson could get an earful this weekend in Washington, when he hears from many developing countries, which have become part of the so-called G-20 nations.

Treasury Secretary Henry Paulson talks about efforts to heal the U.S. economy during an interview with The Associated Press at the AP's Washington bureau, Wednesday, May 7, 2008. Paulson said that the turmoil that has gripped Wall Street and took a turn for the worse yet again in March has eased somewhat. "There's progress," he said. "I think we're closer to the end of this than the beginning." (AP Photo/J. Scott Applewhite)

Washington (AP) Treasury secretary Henry Paulson could get an earful this weekend in Washington, when he hears from many developing countries, which have become part of the so-called G-20 nations.

They're the sub-tier countries below the richest group, called the G-7, with whom Paulson meets today to discuss U.S. efforts to stem the credit crisis.

But the G-20 meeting tomorrow could well provide a forum for some developing countries to criticize the U.S., which many accuse of igniting the crisis to begin with.

Both sessions occur as finance ministers of the International Monetary Fund and World Bank are in Washington for their annual meeting.

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