Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
Our Birmingham Shop
Books We're Talking About
Our Bristol Shop
Animators Survival Kit

IMF welcomes G20 debt reduction timetable

28th June 2010

The head of the International Monetary Fund (IMF) has welcomed plans from leaders at the G20 summit to slash their national budget deficits.

At the weekend's G20 summit in Toronto, world leaders debated how to move away from promoting economic stimulus and towards cutting their deficits without damaging the recovery from the recession.

They eventually agreed on a timetable for stopping growth of public debt and starting to reduce deficits, which will be finalised when the group next meets in Seoul in November.

IMF managing director Dominique Strauss-Kahn praised the leaders' commitment to cooperating in solving global economic problems, claiming plans to reduce national deficits will safeguard recovery, create jobs and boost prosperity.

'The G20 Mutual Assessment Process shows that appropriate collective action could increase global GDP by 2.5 per cent over the medium term, creating tens of millions of jobs, lifting tens of millions more out of poverty,' he claimed.

Mr Strauss-Kahn also welcomed the summit's progress in establishing new standards of behaviour for the financial services sector, saying that this will allow credit to be channelled into the economy and strengthen the chances of recovery.

Latest Blog
Caz Hildebrand's Top Ten Herbs
20/09/2016

Herbarium author Caz Hildebrand reveals her top ten all-time favourite herbs

Chitra Soundar on Diverse Picture Books
19/09/2016

Chitra Soundar talks about some of her favourite diverse picture books that tell previously untold stories.

Peter Wohlleben on the Forest as a Social Network
16/09/2016

Forester Peter Wohlleben draws on groundbreaking scientific discoveries to describe how trees are like human families

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd