Video (4min 47sec): President Barack Obama attended the G20 Summit which pledged $1 Trillion to Boost World Economy.
Despite a number of earlier disagreements, G20 leaders seem to have finally reached a consensus and pledged over one trillion dollars to the IMF and the World Bank to stimulate the global economy.
The main issue was how much they will spend and how far should they go with the regulations.
The G20 are likely to agree on the one trillion US dollar rescue plan.
And they agreed to triple the fund of the IMF and to increase it up to $750,000,000,000 US.
That is quite a significant amount.
| < Prev | Next > |
|---|
