Monday, April 06, 2009

How to Ease the Global Crisis

According to Simeon Djankov, Chief Economist at the World Bank Group's Crisis Talk blog, of all the possible things the G20 Summit leaders could have done, this one would ease the crisis the most: a commitment to triple the amount of money the IMF has for lending to $750 billion.

The G20 has also committed about $250 billion to boost global trade.

See why Djankov thinks the IMF lending notion (there are doubts about the global trade boost) is a good idea here.

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