Opinion on Government and Non-Profit Organisations in Middle East and Africa

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CommentWire
CommentWire

G20: additional funding will benefit Western European banks

Two of the most significant outcomes of the G20 summit in London were the tripling of the IMF's resources to $750 billion and an increase of $100 billion in the multilateral development banks' lending capacity. The increase in resources is a welcome boost to the global economy, but is especially beneficial for Western European financial firms with exposure to Central and Eastern Europe.

Published By Datamonitor
08 Apr 2009

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