Gul: "Developing countries saved the world from economic collapse"

The recent global economic crisis has proven the wisdom of establishing international organizations like the D-8, said President Abdullah Gul yesterday. Speaking at the opening of the current D-8 heads of state and government summit in Nigeria, Gul said that the growth shown by developing countries during the crisis had saved the world economy from collapse. "We believe developing countries should be an indispensable part of decision making processes," he added. "Turkey and Indonesia also act as the voice of the D-8 within the G-20," the group of larger industrialized nations. Pointing to how Turkey successfully weathered the economic crisis, Gul said this was thanks to sound financial and monetary politics.