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.

Continue reading G-20 members agree on a $1 trillion stimulus and other reforms

G-20 members agree on a $1 trillion stimulus and other reforms originally appeared on BloggingStocks on Thu, 02 Apr 2009 17:40:00 EST. Please see our terms for use of feeds.