IMF agrees on bank clean-up
26-04-2009
Finance ministers from rich and developing countries have agreed on the need for an urgent clean-up of banking systems in developed countries, if there's to be an economic recovery worldwide.
The agreement came at a meeting of the International Monetary Fund and the World Bank in Washington, where the IMF director, Dominique Strauss-Kahn, said there'd been progress on the issue, but it had been too slow.
The meeting also heard calls for more help for African countries feeling the effects of the global crisis.
The Tanzanian finance minister said rich countries should use part of their stimulus resources to help poorer ones.
