As G-20 leaders prepare to meet in London, the Financial Times' website has published a draft communique of the summit.
The draft says leaders hope to lift the world economy out of recession by the end of 2010. But some analysts remain cautious about the outlook, and are particularly worried about the situation in eastern Europe.
The 24-point draft communique sets out actions to be taken on hedge funds, bankers' pay, tax havens, currency valuation and bank capital reserves.
It calls for support for banks, higher spending and more money for the International Monetary Fund. But it appears to contain no specific numbers on further government stimulus measures to boost demand.
Britain has already said that the G20 summit is never about writing national budgets. Instead, it's about international financial structure. The British finance minister says the meeting stresses a commitment for countries to act together.
But some economists are not so optimistic. They warn that a failure to tackle the spreading financial woes in eastern Europe could deepen the crisis for the whole continent.
Manik Narain, Analyst, Standard Chartered, said, "So far the signs are encouraging but if the global rhetoric on helping eastern Europe fails to pan out as the market is currently hoping for then the repercussions can be quite serious given that the eurozone and eastern Europe are so heavily interlinked. European banks and businesses will come under significant pressure."
Eastern Europe's financial woes have already caused upheaval across the region.
The IMF warns the collapse of the region's economies could have a domino effect across the continent and beyond, provoking another wave of crisis.
So far Latvia, Hungary, Ukraine and Romania have received bailout packages led by the IMF.
Experts are calling for more measures to support the region's struggling economies, and are urging G20 leaders to take action when they meet in London.
(CCTV March 30, 2009)
