Finance ministers from the Group of 20 developed and emerging countries
have agreed on the need to make more aid available to troubled emerging
At a meeting Saturday near London, the ministers issued a statement on
the need to increase funding for the International Monetary Fund to
help countries hit hardest by the recession.
Following talks near London, the G-20 ministers said resources should
be expanded at the IMF. The international bank has loaned billions of
dollars to struggling countries.
The ministers said support should also be given to the Asian Development Bank.
The G-20 group agreed to do "whatever is necessary" to boost the world
economy. But they also said they would avoid protectionist measures,
and seek to maintain open trade and investment.
U.S. Treasury Secretary Timothy Geithner said after Saturday's meeting
that the high-level of commitment shown by members will help economic
recovery come more quickly.