As the G8 and G5 today broke the logjam on the Doha talks and agreed to refrain from competitive devaluation of currencies, Prime Minister Manmohan Singh has struck notes of caution in his conversations with world leaders here, telling them that the situation is “still fragile” despite evidence of some “green shoots of recovery” .

Singh shared this assessment with leaders he met in the informal setting of the G8, adding that slackness in implementing recovery measures could spell bad news for developing economies.

Singh also met Obama at a “pull-aside” meeting where they discussed ways to enhance bilateral ties and the July 20-21 visit of US Secretary of State Hillary Clinton.

National Security Advisor M K Narayanan met his US counterpart Gen James Jones to discuss the PM’s bilateral visit to US later this year. This is expected to be a state visit, said sources.

An invitation has been pending from both sides and now, Washington is keen to have Singh to visit later this year so that an Obama visit can be slated next year.

At a 45-minute meeting with UK Prime Minister Gordon Brown, Singh told him that many of the major indicators are still negative and so the urgency must continue.

In this context, he reminded Brown that many of steps agreed at the London G 20 Summit were still to be implemented.

The Prime Minister went on to elaborate this at his meetings with other G5 leaders from Brazil, China, Mexico and South Africa.

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