The G-20's recent London Summit was not the bust that some had feared. The leaders made some progress by agreeing to tackle global financial regulation and pledging more money to the IMF. But they missed the chance to take collective, international action to stem the demise of their inextricably linked banking and financial sectors. How can intergovernmental cooperation help? The same nations that founded the World Bank could set up a banking facility, an International Fund for Revitalization and Recovery.
Global fund needed
The National Law Journal
April 27, 2009
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