Geithner: Global Economies Must Cooperateate to lay groundwork for a new, more stable and more sustainable pattern of growth in the future. G-7 the finance minister from seven industrial powers will meet Friday and a larger meeting of the Group of 20 ministers. Earlier in April, G-20 members agreed to enforce tighter regulation of the global financial system, and pledged to expand the International Monetary Fund’s resources to more than $1 trillion. The IMF expects banks and other financial institutions around the globe to lose $4 trillion in writedowns as the world economy deteriorates.”]
Source: https://www.cuinfosecurity.com/geithner-global-economies-must-cooperate-a-1404