This summit will be the first in a series of meetings aimed at addressing this crisis. The summit will bring together leaders of the G-20 nations, countries that represent both the developed and the developing world. And the summit will also include the heads of the International Monetary Fund, the World Bank, and the Financial Stability Forum, as well as the Secretary-General of the United Nations.
1384 Oct. 24 / Administration of George W. Bush, 2008 States Government. Today I reiterate Amer- resume lending. The Federal Deposit Insur- ica’s commitment to the NATO aspirations ance Corporation has temporarily guaranteed of Ukraine, Georgia, Bosnia-Herzegovina, most new debt issued by insured banks, and Montenegro. The door to NATO mem- which will make it easier for these banks to bership also remains open to the people of borrow needed money. And the Federal Re- Serbia, should they choose that path. All serve is launching a new program to provide these nations treasure the blessings of liberty support for commercial paper, a key source because they remember the pain of tyranny. of short-term financing for America’s busi- They share NATO’s solemn commitment to nesses and financial institutions. These steps defend the free against the unfree, and the are beginning to show results, but it will take weak against the strong. time for their full impact to be felt. The lasting strength of the NATO alliance In coordination with the United States, is a testament to the enduring power of free- many other nations have taken similar steps dom. And the expansion of this alliance will to address turbulence in their domestic mar- lead the way to a safer and more hopeful kets. This crisis is global in reach and ad- world. On behalf of my fellow citizens, I offer dressing it will require further international congratulations to the people of Albania and cooperation. So this week, I consulted with Croatia on this historic achievement. May leaders from throughout the world and an- your children always honor the struggles you nounced that I would convene an inter- endured. May the stories of Albania and Cro- national summit in Washington on Novem- atia be a light to those who remain in the ber the 15th. darkness of tyranny. And may your example This summit will be the first in a series help guide them to a brighter day. of meetings aimed at addressing this crisis. It’s now my honor to welcome the Sec- The summit will bring together leaders of retary General to the podium. Mr. Secretary the G–20 nations, countries that represent General. both the developed and the developing NOTE: The President spoke at 6:10 p.m. in the world. And the summit will also include the East Room at the White House. In his remarks, heads of the International Monetary Fund, he referred to Croatia’s Ambassador to the U.S. the World Bank, and the Financial Stability Kolinda Grabar-Kitarovic; Albania’s Ambassador Forum, as well as the Secretary-General of to the U.S. Aleksander Sallabanda; and Macedo- the United Nations. nia’s Ambassador to the U.S. Zoran Jolevski. The During this summit, we will discuss the transcript released by the Office of the Press Sec- causes of the problems in our financial sys- retary also included the remarks of Secretary Gen- tems, review the progress being made to ad- eral de Hoop Scheffer. This item was not received in time for publication in the appropriate issue. dress the current crisis, and begin developing
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