At a glance: G20 agreement

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G20 world leaders have revealed their communiqué to tackle the global economic crisis. UK Prime Minister Gordon Brown announced the $1.1 trillion deal as he closed the G20 summit. Here is a summary of the key points:

FINANCIAL REGULATION <ul class="bulletList" ><li >A new Financial Stability Board, with a strengthened mandate, will replace the Financial Stability Forum </li><li >Financial regulation and oversight will be extended to all financial institutions, instruments and markets</li><li >This includes bringing hedge funds within the global regulatory net for the first time </li><li >Members are committed to implementing tough new rules on pay and bonuses at a global level </li><li >International accounting standards will be set </li><li >Credit rating agencies will be regulated in order to remove their conflicts of interest </li><li >A common approach to cleaning up banks' toxic assets has been agreed </li></ul>

TAX HAVENS <ul class="bulletList" ><li >There will be sanctions against tax havens that do not transfer information on request </li><li >The Organisation for Economic Co-operation and Development has published a list of countries assessed by the Global Forum against the international standard for exchange of tax information</li></ul>

IMF <ul class="bulletList" ><li >Resources available to the International Monetary Fund will be trebled to $750bn </li><li >This includes a new overdraft facility, or special drawing rights allocation, of $250bn </li><li >Additional resources of $6bn from agreed IMF gold sales will be made available for lending to the poorest countries </li><li >The G20 also supports increased lending to the world's poorest countries of at least $100bn by the multilateral development banks </li></ul>

GLOBAL TRADE <ul class="bulletList" ><li >There will be a commitment of $250bn of support for trade finance made over the next two years </li><li >This will be made available through export credit and investment agencies, as well as through multilateral development banks </li><li >National regulators will be asked to make use of available flexibility in capital requirements for trade finance </li></ul>

PROTECTIONISM <ul class="bulletList" ><li >The G20 has pledged to resist protectionism </li><li >There will be a commitment to naming and shaming countries that breach free trade rules </li><li >The G20 will notify the World Trade Organization (WTO) of any measures that constrain worldwide capital flows </li><li >The G20 has called on the WTO to monitor and report publicly on these undertakings on a quarterly basis </li></ul>

FISCAL STIMULUS <ul class="bulletList" ><li >Although there is no new fiscal stimulus, Gordon Brown said G20 countries are already implementing "the biggest macroeconomic stimulus the world has ever seen" - an injection of $5tn by the end of next year</li></ul>