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Ajit Jain in Toronto
With India having declined to host the G-20 meeting because of the developments in Afghanistan and for security reasons, Canadian Finance Minister Paul Martin -- the chair of G-20 group -- decided to host the conference in Ottawa from November 16 to18.
Indian Finance Minister Yashwant Sinha was likely to attend the conference.
Martin said in a statement on Wednesday that security would not be a problem, as he had already discussed the issue with the Canadian Security Intelligence Service, Royal Canadian Mounted Police and Ottawa City Mayor Bob Chiarelli.
"It is more vital than ever that we continue our work on the world stage," Martin said. "These meetings will help create the conditions for global prosperity. They will also broaden the fight against terrorism."
"We will not allow terrorist acts to bring the world to a halt," he added.
The G-20, created in 1999 to foster dialogue between the rich and poor countries on finance and development, represents 88 percent of the world's economic output and 60 percent of the world's poor.
Its members include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union.
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