WORLD> Europe
G20 to give $1 trillion to IMF, World Bank
(Agencies)
Updated: 2009-04-02 23:39

LONDON -- British Prime Minister Gordon Brown says leaders at the G20 summit have agreed to give $1 trillion to the International Monetary Fund and the World Bank to help struggling nations around the world.

G20 to give $1 trillion to IMF, World Bank
Britain's Prime Minister Gordon Brown, left, greets US President Barack Obama as he arrives for the G20 summit at the ExCel centre in London, Thursday, April 2, 2009. [Agencies]

Brown also says the 20 countries at the summit will enact common policies to crack down on tax havens, regulate hedge funds, and rebuild trust in the financial system to "prevent a crisis such as this from happening again."

He says the G-20 nations will also give emerging powers a greater say in the world economy.

Brown did not outline any new fiscal measures but says that the stimulus packages already announced by major nations have already been the biggest in history.