A trillion here, a trillion there…

The Group of Twenty, or G-20, issued this statement: “We face the greatest challenge to the world economy in modern times; A global crisis requires a global solution… The agreements we have reached today, to treble resources available to the IMF to $750 billion, to support a new SDR allocation of $250 billion, to support at least $100 billion of additional lending by the MDBs, to ensure $250 billion of support for trade finance, and to use the additional resources from agreed IMF gold sales for concessional finance for the poorest countries, constitute an additional 1.1 trillion dollar program of support to restore credit, growth and jobs in the world economy.”
g20 (Group of 20)

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