IMF Revision Surpasses Expectations
April 2nd, 2009 • No Comments
The foremost concern addressed at Thursday’s G20 summit was the role that the International Monetary Fund will play on the road to global economic recovery. British Prime Minister Gordon Brown had in recent months called for an increase of $250 billion to the previous lending capacity of the same amount, effectively doubling the reserves. World leaders, finance ministers, and central bank managers from the Group of 20 developed and developing economies today agreed to increase the fund by $500 billion, to $750 billion. Continue reading ‘IMF Revision Surpasses Expectations.’
The Causes of Crisis
March 19th, 2009 • No Comments
G20 leaders are set to meet in London for the Summit on April 2nd, with an increasingly lengthy list of regulatory and rule-concerned topics to resolve during a time of economic uncertainty. When the focus should be on economic stabilization and restoration, the focus is on economic reform, yet again. Continue reading ‘The Causes of Crisis.’
EU Meet to Discuss Financial Crisis
March 19th, 2009 • No Comments
The leaders of European Union (EU) member countries have convened today to begin a two-day conference ahead of the G20 summit in London on April 2nd. They convene to draw up a united European front for tackling the financial crisis, to be presented to the other members of the Group of 20 developed and developing economies. Continue reading ‘EU Meet to Discuss Financial Crisis.’
Economic Downturn Hits Africa
March 11th, 2009 • 1 Comment
Ahead of hosting the G20 global summit in London on April 2nd, British Prime Minister Gordon Brown is scheduled to meet African leaders next Monday to discuss their concerns over the current financial crisis. According to the International Monetary Fund’s (IMF) Managing Director Dominique Strauss-Kahn in a Dar es Salaam conference Tuesday, the economic outlook for Africa is dire, saying, “It is certainly time for advanced economies to be less arrogant.”. Continue reading ‘Economic Downturn Hits Africa.’
