SINGAPORE (Apr 15): The G20 Leaders’ Summit in London on April 2, 2009, is widely regarded as one of the best examples of global cooperation in a generation. Meeting as a group for only the second time, leaders of the world’s top economies, accounting for some 85% of global GDP, agreed to provide US$5 trillion in fiscal stimulus and US$1 trillion in additional resources to the International Monetary Fund, and to implement a wide-ranging programme of financial regulatory reform. Coming on the heels of the 2008 financial crisis, the summit was instrumental in restoring confidence in capital markets and bringing the global economy out of its freefall.

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