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An overdraft facility will also be increased to $250bn (in the IMF's currency, so-called Special Drawing Rights) that all members can call upon.
...the heads of the states have agreed to make six pledges to improve the world economy and emerge a "new world order.
Gordon Brown made a very important announcement noting that "I think a New World order is emerging." The leaders expect it to be more sustainable and more open and more fairer global society.
The U.S. and Europe, who have dominated the G-8, now have little option too but to accept a new world order.
Gordon Brown said "a new world order is emerging".
...to call on the accounting standard setters to work urgently with supervisors and regulators to improve standards on valuation and provisioning and achieve a single set of high-quality global accounting standards.
Originally posted by Mike_A
Out of interest, what would those who disagree with the G20 suggest be done instead?