Finance chiefs urge bank reform

April 26, 2009

BBC, 4/26/2009

Finance Minister Agustin Carstens

Finance Minister Agustin Carstens

Finance ministers from both wealthy and developing nations have called for an urgent reform of banking systems in developed countries.

A meeting of the World Bank and the International Monetary Fund (IMF) in Washington said such measures were needed for global economic recovery.

The head of the IMF said progress had been made but it had been too slow.

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