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Donnerstag, 12. März 2009

US calls for tripling of IMF firepower

The US raised the stakes in its drive for an aggressive response to the global financial crisis on Wednesday, calling for a tripling of the International Monetary Fund’s firepower and bigger fiscal stimulus measures worldwide.

Published: March 11 2009 18:12 | Last updated: March 11 2009 21:42Tim Geithner, US Treasury secretary, called for the radical changes ahead of the Group of 20 finance ministers’ meeting in the UK this weekend...

The US proposed that the IMF, which has about $250bn in easily usable resources, should get up to $500bn more to help it combat instability in crisis-struck countries...... more details in Financial Times here-->

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