April 3, 2009
[efoods]In a press conference after the plenary session the British PM Gordon Brown read the communique of the G-20 leaders where the heads of the states have agreed to make six pledges to improve the world economy and emerge a “new world order.”
Brown says that the world leaders have pledged to take global actions together and that a consensus is reached. One trillion dollars will be made available through the International Monetary Fund to boost the world economy.
G-20 will take essential actions to rebuild confidence and trust in the financial system. There are no quick fixes, but the leaders pledge to act together to work things out.
The leaders will regulate credit rating agencies so they provide better pictures of economies and companies around the world helping investors to make wiser decisions. The leaders will end tax heavens and will bring end to banking secrecy.