Video: Brown hosts G20 summit press conference

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Source: CCTV.com | 04-03-2009 09:25

G-20 leaders have concluded their summit in London, with joint consensus on a plan to pull the world out of the financial crisis.

British Prime Minister, Gordon Brown, outlined exactly how the group plans to spend the 1.1 trillion dollar recovery fund.

Britain's Prime Minister Gordon Brown speaks at a news conference after the G20 summit at the ExCel centre in east London April 2, 2009. REUTERS/Dylan Martinez

He said about half of the amount represents newly promised funding for the IMF to lend to countries affected by the financial crisis.

250 billion dollars has been allotted for new Special Drawing Rights for the IMF and 100 billion dollars will go to multilateral development banks to lend to poor nations. In addition,the IMF will receive a 6 billion dollar-increase for the fund to lend to the poorest nations.

Editor:Zhang Pengfei