Rio Group for keeping cash flowing for developing nations

ZACATECAS, MEXICO: The Rio Group, a regional body for Latin America and the Caribbean, will ask Saturday's G20 summit to avoid a "drastic contraction" of financial resources for developing countries, Mexican Foreign Minister Patricia Espinosa said here.

Mexico, Brazil and Argentina will be the only Latin American countries to take part in the emergency November 15 meeting in Washington.

The three countries will seek to ensure "that this financial crisis will not turn into a drastic contraction" of resources to developing countries," Espinosa told a news conference on Thursday.