‘G-20 must endorse fund for emerging nations’

‘G-20 must endorse fund for emerging nations’
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First Published: Wed, Mar 04 2009. 10 44 PM IST
Updated: Wed, Mar 04 2009. 10 44 PM IST
Jakarta: The Group of 20 nations should endorse a $200 billion (Rs10.4 trillion) fund to help emerging markets cope with the global crisis, Indonesia’s finance minister Sri Mulyani Indrawati said.
Indonesia, which on Wednesday got $5.5 billion of stand-by loans from Australia, Japan, the World Bank and the Asian Development Bank, said a similar arrangement for other developing countries may help them weather the global recession.
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First Published: Wed, Mar 04 2009. 10 44 PM IST