Thursday, March 12, 2009

US calls for sustained aid for economies


US calls for sustained aid for economies
12-03-2009

US Treasury Secretary Timothy Geithner has called on the Group of 20 to support their economies throughout the duration of the global economic crisis. Speaking at a news conference ahead of a meeting of G20 finance chiefs this weekend, Mr Gethner said it was important for countries to take swift action to help emerging market economies weather the economic slump. He said the G20 countries, working with the international financial institutions, should mobilize substantial resources that can be deployed quickly and in innovative ways to help emerging market economies and developing countries restore growth and begin recovery.

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