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Leaders of the G-20 nations agreed Thursday to pump an additional trillion dollars into the troubled global economy through extra funding for groups like the International Monetary Fund.
Outlining the conclusions of the G-20 summit, British Prime Minister Gordon Brown announced an additional $500 billion for the IMF, plus $250 billion in IMF Special Drawing Rights and $250 billion to boost trade. The world financial body supports countries whose finances have been hard hit by the global slowdown, supporting their currency reserves and banking systems.