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[IMF Survey Magazine] IMF Survey: Global Leaders to Assess Response to World Recession: According to the IMF, governments need to restore confidence and trust in the financial system by dealing aggres 5ad sively with uncertainty surrounding distressed assets on bank balance sheets and recapitalizing viable financial institutions, using public money as necessary, and erring on the side of strong actions. Central banks should continue to provide ample liquidity through low policy rates and unconventional monetary policy measures.

[World Politics Review: Articles] World Politics Review | G-20 Economic Summit: Faster, Higher ...: Beyond these short-term loans, the IMF also received the blessing of the G-20 to essentially print $250 billion in its own reserve currency, the SDR or special drawing rights, composed of a basket of the world's major currencies -- including the dollar, euro, and yen. (Significantly, the Chinese yuan and Russian ruble are not included in the basket.) The new money will then be distributed to the reserve accounts of the institution's membership in proportion to countries' existing quotas.

[Asia Daily News Online] India, China may see largest gains in IMF quotas | Asia Daily News ...: Meetings of both the Group of Seven industrialised countries and the G-20 will be convened on April 24, ahead of the Saturday session of the IMF’s policy-setting guidance body, the International Monetary and Financial Committee (IMFC). Steps are being taken by the IMF to enhance analysis of risks and linkages between the real economy and the financial sector.

[East Asia Forum] Reviving the world economy - G20 and beyond: the view from India ...: Battered by the most severe crisis since the Great Depression, there were high hopes that the meeting of the 20 most powerful World leaders in London on April 2 would provide a significant impetus for reviving the world economy. Expectations were raised by the grandiose rhetoric that preceded the Summit with the Prime Minister of Great Britain characterising it as a ”˜new Bretton Woods’ and a ”˜global new deal’, though it was later scaled back as ”˜a part of a process’.

[IMF Survey Magazine] IMF Survey: G-20 Backs Big Boost to IMF's Financing: Meeting in London, the leaders also called for a doubling of the IMF’s lending capacity to its low-income members, and for a boost to global liquidity through a $250 billion issue of the Special Drawing Rights (SDR) reserve asset. To enhance the voice of emerging markets and developing countries in the IMF, the G-20 urged accelerated review of IMF quotas, which reflect country representation at the IMF.

[Peterson Institute for International Economics Monitor] RGE - We Should Listen to Beijing's Currency Idea: The risk is that China and perhaps other monetary authorities, together holding more than $5,000 billion in dollar reserves, will lose confidence in the dollar owing to the prospects for huge and sustained budget deficits in the United States. Premier Wen Jiabao recently expressed such concerns in a highly unusual public statement, asking for "guarantees" of China's dollar holdings that recall the British demand for a guarantee in 1971 that triggered the US decision to break the dollar's link to gold.

[VoxEU.org: Recent Articles] The G20 communiqué: Work in progress but good news for emerging ...: The G20 communiqué revealed a clear attitude towards chain-reaction crises. Here one of the world’s most experienced and insightful crisis-watchers argues the G20 communiqué reflects a major improvement in the way leaders view financial crises - moving away from the view that blames the victims and towards a view that recognizes systemic crises and chain-reaction accidents involving many innocent bystanders.

[Home- Livemint.com] IMF welcomes G-20 action to support global growth - International ...: The G-20 leaders also called for a doubling of the IMF’s lending capacity to its low-income members, and for a boost to global liquidity through a $250 billion issue of the Special Drawing Rights (SDR) reserve asset. To enhance the voice of emerging markets and developing countries in the IMF, the G-20 urged accelerated review of IMF’s quotas.

[The Bankwatch] Global Economic Policies and Prospects | IMF note to G20 « The ...: This is an excellent paper designed as a note the to G20 Finance Minister meeting which just occurred in Horsham last week.  It provides context and detailed analysis of the issues affecting the world economy, and with good detail on the risks and issues relative to banks.

[open Democracy News Analysis -] The G20's sins of commission | open Democracy News Analysis: Willem Buiter, sceptical and pessimistic, has argued here on openDemocracy and on Maverecon, that the US and the UK ."At this point, $250 billion from the G20 to the IMF is essentially a done deal (and not worth holding a meeting for), $300-400 would be a limited victory, and $500 billion would be a triumph against the odds and for common sense, .

[Caritas Internationalis] 20 points for the G-20 « Caritas Internationalis: IMF staff note that notwithstanding commitments made by G-20 countries not to resort to protectionist actions, signs are emerging that several countries have raised tariffs and non-tariff barriers to imports and provided subsidies to their export sector.

[friendstudio's blog] G20 must look beyond the needs of the top 20_FriendStudio_新浪博客: It should also press ahead with the reform of the internationalfinancial system, with the focus on readjusting the governancestructure of international financial institutions and increasingthe representation and voice of developing countries. The summitshould set a clear goal, timetable and road-map for such reform.Prudent regulation of all financial markets and institutionsinvolved should be tightened and regulatory co-ordination andco-operation at both the regional and international levels shouldbe increased to prevent a crisis of this kind from happeningagain.

[Blowin' In The Wind] Blowin' In The Wind: G20 to beef up IMF to fight global downturn: The IMF would also be able to borrow money on international markets if needed, the sources said. Another British minister said leaders would discuss possible sales of IMF gold reserves, which could raise yet more cash, although he did not expect an immediate decision on Thursday.

[The Gaea News] Kazakhstan, Eurasia take heart from G-20 measures to control ...: While not all countries are faced with the problem of survival, a majority in the new millennium is facing the negative consequences of globalization, and therefore in this context, it is heartening for a developing country like Kazakhstan, and Eurasia overall to note that leaders of the world’s largest economies have pledged to pool in an additional 1.1 trillion dollars in resources for the International Monetary Fund and other multilateral institutions to boost growth and neutralize the ongoing global meltdown.

[Cricketdiane's Weblog] Global economic crisis, G20 meeting, G20 working groups and new ...: This working group will look at the role, governance and resource requirements of the IMF.  It will review the appropriateness of the IMFs lending instruments and the effectiveness of its surveillance function, and will consider the sufficiency of its resources, and its general arrangements and accountability; and will look at the issue of reform of the governance structure so that it more adequately reflect changing economic weights in the world economy.

[Debt Settlement] Debt Settlement - » G20 agrees to $ 1 trillion plan, markets rise: The topic of tax had threatened to be a stumbling block to the agreements with France and Germany demanding a tightening of standards in the jurisdictions where bank secrecy laws have allowed the rich to avoid taxes in a time of economic hardship.

[the GEG blog] The G20 deal - good for world, not so good for Africa | the GEG blog: In 2004, the Fund’s Independent Evaluation Office concluded that: “Success in embedding the PRGF in the overall strategy for growth and poverty reduction has been limited in most cases.” The review also highlighted a wide range of systemic problems, including weak country ownership, problems in implementing loan conditions, a lack of clarity over the IMF’s role, the reluctance of developing countries to accept an enlarged role for the IMF, and a tendency to apply blueprints. There is no evidence that these problems have been addressed.

[renaissance 2] renaissance 2 » Blog Archive » The London G20 Meeting of Global ...: If you are a citizen in a G20 country- (the Group of 20 represents the world’s 20 richest nations), you have probably played the game of Monopoly at some stage. Not only did you play this game on a board with “Go Directly to Jail- Do Not Pass Go” marked on one of the squares- the banks, your government and the regulators were also playing this game on your behalf in the real economy, the only difference being that fewer financial criminals go to jail in real life in this system than do so in a board game of Monopoly.

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