Prime Minister Manmohan Singh has said that the G-20 Summit has agreed on a new framework for discussing global macro balances and the contributions individual countries can make through their own policies with a new process of peer review. Addressing a press conference at the end of his two day visit to Pittsburgh, Dr. Singh allayed any fears that the peer review process would constrain domestic policy making. He said in the case of India every year the International Monetary Fund reviews it under clause 4. He said the peer review process will give an opportunity to bring developed countries within the fold.<br/><br/>The Prime Minister also announced that the G-20 had agreed to shift 5 per cent quota share from over represented to countries that were underrepresented in the IMF. Responding to a question the Prime Minister explained that the 5 per cent was a compromise figure. The present quota is 44 per cent and the developing countries wanted it to be rebalanced by 7 percent which would have taken the developing countries share in the IMF quota to 51 percent.<br/><br/>Dr Manmohan Singh described the conversion of G-20 into a premier forum for international economic issues as an important development broadening the global governance structure.<br/><br/>He also said the Summit has agreed to help the World Bank and other regional development banks to find necessary resources on a review of their capital needs in the first half of 2010.<br/><br/>The Prime Minister said the Summit also agreed that the countries should work for an early resolution of Doha round to counter protectionism. He said the success of the Delhi ministerial meeting in reviewing the process of negotiations was appreciated.<br/><br/>Answering a question, the Prime Minister said there is no economic crisis in India and it is true that because of the global economic meltdown Indian exports were affected.<br/><br/>The Prime Minister acknowledged that in a highly interdependent world, India has a stake in the stability and growth of the world economy.<br/><br/>Later, Dr. Manmohan Singh has left for Geneva. After a brief stay in Geneva, he will leave for Delhi tonight to reach there on Sunday.<br/>