The US on Wednesday called for a tripling of the IMF’s firepower and more fiscal stimulus steps worldwide. Tim Geithner, US Treasury secretary, called for the radical changes ahead of the G20 finance ministers’ meeting in the UK this weekend. The US proposed that the IMF, which has about $250bn in easily usable resources, gain up to $500bn more to help crisis-struck countries.

This entry was posted by Gwen Robinson on Thursday, March 12th, 2009 at 5:09 and is filed under Capital markets, People. Tagged with IMF. Edit this entry.