The G 20 countries wrapped up their ground breaking summit with amazing cooperation among members. The tackled a wide range of problems and were able to agree on just about every key issue.
Let's look at some specific policies that the G 20 members agreed upon:
- Regarding the matter of stimulus, they agreed to boost the International Monetary Fund's lending power to around $750 billion.
- They also unveiled a $250 billion expansion of the IMF's reserve currency, referred to as "special drawing rights." This will boost liquidity in the global financial system by expanding member countries' foreign exchange reserves.
- They agreed to selling gold to help poor countries.
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