What the G20 agreed on

M. S.
May 2009
African Business;May2009, Issue 353, p16
The article provides information about several decisions taken at the London 2009 G20 Summit, which was held in London, England, in April 2009. An expanded funding of around $500 billion in total will constitute a new Flexible Credit line (FCL) aimed at providing insurance against future currency crises. A special $6 billion soft lending facility for 50 least-developed countries (LDCs) will be funded by the sale of gold held by the International Monetary Fund.


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