Thursday, April 02, 2009
The G20 deal
Posted by David Smith at 07:00 PM
Category: Thoughts and responses

The London G20 summit's conclusions were more wide-ranging than expected and included what was described as "an additional $1.1 trillion programme of support to restore credit, growth and jobs in the world economy". This consisted of a trebling of IMF resources to £750 billion, an extra SDR allocation of $250 billion and $250 billion of export finance. This is its lengthy communique.