G-20 Pumps Money into Global Recession

Posted by: Joseph Owen

As I have been analyzing the current financial crisis, I found a great article on the G-20 summit that took place on April 2nd, 2009.  The G-20 is a group of the largest economies in the world.  These countries leader met together to discuss the global recession and what could be done.  They agreed to put together a stimulus package worth up to $1 trillion.  With this investment pumped into the global economy, G-20 wishes to stimulate the international banking system.  The majority of the stimulus package will be put toward correcting the world financial system.  The goals of the package are listed as the following;

The six-point consensus consisted of measures to:

Restore confidence, growth, and jobs;

Repair the financial system to restore lending;

Strengthen financial regulation to rebuild trust;

Fund and reform our international financial institutions to overcome this crisis and prevent future ones

Promote global trade and investment and reject protectionism, to underpin prosperity;

Build an inclusive, green, and sustainable recovery.

To read up further on the G-20 conference, click on the link below...

G-20 Article...