G-20 aims to raise $1.1 trillion for WB, IMF
Updated at: 2040 PST, Thursday, April 02, 2009

LONDON: World leaders are looking to raise up to 1.1 trillion dollars in new financing for the International Monetary Fund and the World Bank, diplomats said Thursday.

Group of 20 leaders want the extra cash to boost liquidity and help embattled countries -- particularly in crisis-hit eastern Europe -- through the global recession.The British government's Secretary to the Treasury Stephen Timms said the G20 would ramp up IMF fu ... Full Story