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Additional $1.1 trillion recovery programme

The agreements we have reached today constitute an additional $1.1 trillion programme of support to restore credit, growth and jobs in the world economy. Together with the measures we have each taken nationally, this constitutes a global plan for recovery on an unprecedented scale.

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The G-20 London Summit 2009
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G-20 Summit Communiqué
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Greatest challenge to world economy in modern times
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Additional $1.1 trillion recovery programme
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$250 billion of support for trade finance
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At least $100 billion of additional lending by the MDBs
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New SDR allocation of $250 billion
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Treble resources available to the IMF to $750 billion
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Use IMF gold sales for concessional finance for poorest countries
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Growth must reflect interests of future generations
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OECD forecasts 2.7% global economic contraction in 2009
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Open market economy only sure foundation for growth
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To be sustained growth has to be shared
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