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. Last Updated: 07/27/2016

Emerging Nations Talk

KUALA LUMPUR, Malaysia -- Leaders of 15 developing nations met for closed-door talks Tuesday, the second day of a three-day summit that has been preoccupied with the economic crisis caused by tumbling currencies.

The conference opened with a call for protecting weak economies that had recently introduced free markets.

Malaysian Prime Minister Mahathir Mohamad urged other developing nations to join him in a crusade to revamp global currency trading rules and review policies that allow free access to Western capital and companies.

The G-15 was formed in 1989 to promote economic cooperation among developing nations.