The G-20
has announced a $5 trillion stimulus package to be delivered by the end of 2010. They also agreed on more regulation of financial institutions.
The G-20 is comprised of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK, the US, and the EU. It also includes the IMF and the World Bank. The G20 countries represent around 90 per cent of global gross national product, 80 per cent of world trade and two-thirds of the world's population.
Comments