April 2, 2009
G20 Global Bailout?
Found this buried in a CNN article...
Leaders were also be pushing for more fiscal stimulus. Brown argued for world leaders to maintain their investments and fiscal stimuli while also giving more money to institutions like the International Monetary Fund, Mandelson said. The IMF can then deliver those resources to poorer countries and emerging economies, he said.
It was also mentioned on Fox News' "Happening Now" that G20 leaders had pledged a trillion dollars to the IMF, to be funded in part by U.S. taxpayers.
Update
Reuters has this...
World leaders agreed a trillion-dollar deal on Thursday to combat the deepest economic downturn since the Great Depression.
...but they do not describe how the plan will be funded.
Posted by Richard at April 2, 2009 8:45 AM
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