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G20 Leaders Pledge Voluntary Regulation, Loans

HeadlineApr 03, 2009

The G20 summit ended in London Thursday with a pledge to overhaul financial regulation and spend more than $1 trillion on loans to struggling economies. In a nine-page declaration, G20 leaders outlined a series of voluntary steps, including regulating hedge funds, cracking down on tax havens, and increasing international lending. Funding for the International Monetary Fund was quadrupled with a $1 trillion commitment.

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