British PM to press G20 for new monetary system

Pakistan News.Net
Tuesday 11th November, 2008

Britain's Prime Minister Gordon Brown is believed to be ready to push for a new international financial system.

The new system, that will update the Bretton Woods agreement, is going to be called for at the G20 summit to be held in Washington next weekend.

It has been revealed that Brown will also say the United States and Europe must provide the leadership for the creation for a new international order.

Brown has already discussed IMF reforms with French President Nicolas Sarkozy and German Chancellor Angela Merkel and has called on countries such as China and the Gulf states to fund major increases for the International Monetary Fund.

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