Mexico City - Mexican President Felipe Calderon said Friday that he was going to the G20 financial summit in Washington with "moderate expectations," because he expects it to be just a "starting point" to tackle the global crisis.

"It would be desirable to have, towards the end of the meeting, mechanisms, working teams, with concrete tasks assigned that allow us to prepare and work in later G20 meetings," Calderon said as his goal, just before he left for the United States.

Mexico, Brazil and Argentina are the only Latin American countries set to attend the summit of the world's main industrialized and emerging economies.

Late Thursday, Calderon had told financial news reporters that no "magical solutions" should be expected to come out of the summit, although he noted that the gathering should contribute to laying the foundations for a longer-term process.

In Washington, Mexico is set to advocate reform of international financial institutions, with better supervision and a greater balance between developed and developing nations.

Calderon said he would demand that these institutions respond more promptly to loan requests.

"It is evident that the loan-granting processes established until now - which take months, and usually actually years, until payment is made - are totally inadequate for the more agile, changing circumstances that the world economy is going through," he stressed.

Calderon said international coordination and leadership is crucial to provide certainty and reduce concerns around the world, and added that this aspect will depend "largely" on the attitude of US president-elect Barack Obama.

The Mexican president, a representative of a conservative political party, said the path back to economic growth requires "strengthening the opening of economies, global investment and, of course, the global market, and not necessarily building barriers to entry or exit for products or capital." (dpa)