Britain's PM Gordon Brown (R) sits next to British Finance Minister Alistair Darling as he addresses the opening session of the G-20 finance ministers meeting in London, 05 Sep 2009Finance ministers from both rich and developing countries are promisingthey will not let a global fragile economic recovery collapse.

Theministers from the Group of 20 nations, known as the G-20, concluded acritical meeting in London Saturday, agreeing on the need to continuespending money to stimulate economic growth - and the need to reformworld economic institutions - like the International Monetary Fund andthe World Bank - to better represent developing economies.  

Thetwo-day meeting comes as G-20 heads of state prepare for a criticalsummit in the eastern U.S. city of Pittsburgh later this month.  

Therehave been numerous indications that the world is pulling out of itsdeepest recession since World War Two.  But United States TreasurySecretary Timothy Geithner says the world must still confront"significant challenges."

Differences also remain over how toreform a banking system that rewarded top bank executives with largesalary bonuses,  even though many of their decisions help spark thefinancial crisis.

Germany and France have been calling for hardlimits, or caps, on how much bank executives can be paid.  But both theU.S. and Britain have resisted that approach, instead favoring measuresthat would connect compensation to how profitable banks are over aperiod of time.

The U.S. is also pushing for a plan that wouldrequire banks that take on more risky investments to put more cash intoreserve in case the investments fail.

The issue is expected tocome up again on September 17, when Sweden's prime minister has invitedEuropean Union leaders to meet and discuss bank bonuses before the G-20summit.

Some information for this report was provided by AFP, AP and Reuters.