G-20 doubles IMF's reserves, and the markets like it

Updated

Were there any substantive morsels for investors to chew on following the G-20 finance ministers meeting this weekend in England?

Admittedly, it's thin gruel: finance ministers agreed to guidelines regarding how governments should purge or remove toxic assets that have constrained credit, and agreed to increase funding for the International Monetary Fund to $500 billion from $250 billion, Bloomberg News reported Monday. But the group did not agree to commit more funds for fiscal stimulus, something the United States delegation had sought.

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