India, Brazil, South Africa meet to discuss financial crisis

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NEW DELHI, Oct 15 (AFP): Leaders from emerging economic powers India, South Africa and Brazil were meeting here today for an annual summit set to be dominated by the global financial crisis, food and fuel prices.
Indian Prime Minister Manmohan Singh is hosting Brazilian President Luiz Inacio Lula da Silva and South African President Kgalema Motlanthe for the third annual India-Brazil-South Africa (IBSA) conference.
"The summit will provide leaders an opportunity to exchange views on international and regional issues... I have no doubt that this will include the global financial crisis and food and energy security issues," Indian foreign ministry official Nalin Surie told reporters.
IBSA, which came into existence in 2003, groups some of the largest economies in Asia, Africa and South America.