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    G20 Summit plans to inject US$5tn into economy before 2011

    Friday, April 3, 2009 The G20 Summit held in London, England concluded Thursday with an injection into the economy of US$5 trillion by the end of 2010. Global trade would be supported by $250 billion (169.5 billion pounds). “We are going to act decisively to kickstart international trade. We will ensure availability of at least $250 billion over the next two years,” said Gordon Brown Prime Minister of the United Kingdom. The International Monetary Fund IMF will have access to $750bn in resources of which $250bn will support special drawing rights. Developing countries received $100bn which will be dispensed via Multilateral development banks. Towards this end, the IMF will sell…