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G20 finance leaders on Saturday pledged to implement reforms to global financial institutions such as World Bank and International Monetary Fund (IMF) the World Bank.

G20 finance leaders on Saturday agreed to coordinate a removal of emergency economic packages when recovery takes firm hold but they struggled on the detail of measures to rein in bank pay and lending rules at the root of the recent crisis.

The world cannot be complacent about economic recovery and will need to keep emergency stimulus packages in place well into next year, British Prime Minister Gordon Brown said on Saturday.

Finance leaders clashed on Friday over how to stop banks plunging the world into another crisis.

The G20 will promise this weekend to keep economic support packages in place until recovery is certain and seek to reassure financial markets they have credible plans to withdraw the stimulus when appropriate.

The sharp contraction in the U.S. economy seems to be ending but recovery will be slow with risks still looming from the weak labor and housing markets, the International Monetary Fund said on Friday.

The recovery of the weak U.S. economy is expected to take place gradually and officials should be prepared to inject more monetary and fiscal stimulus should the rebound falter, the International Monetary Fund said in a statement on Friday. Additional fiscal stimulus could also be used, although the immediate focus should be on implementing the current fiscal measures and monitoring their impact.

Emerging nations deserve more weight in global financial institutions for the world to climb out of its current crisis, Chinese Foreign Minister Yang Jiechi said during the annual ASEAN summit in Thailand, with the presence of United States and Japan.

The International Monetary Fund (IMF) has backed an allocation of Special Drawing Rights (SDRs) equivalent to $250 billion to boost global liquidity by supplementing the Fund's 186 member countries' foreign exchange reserves.

The Non-Aligned Movement (NAM) closed the 15th summit Thursday with a declaration to continue supporting each other as well as to promote disarmament and international security, peacekeeping, human rights and democracy.

The country's economy will shrink sharply in 2009 before edging into growth in 2010, and the government should make clear plans to reduce borrowing when recovery comes, the International Monetary Fund said on Thursday.

The issue of reserve currencies and the reform of the international monetary regime will probably not take place at the Group Eight Summit (G8) with the so-called Group Five (G5) nations, despite the calls from China and other countries, according to industry experts.

The Obama administration on Wednesday said it strongly opposed legislation in the U.S. Congress that would restrict its ability to respond to future financial crises through the International Monetary Fund.

The International Monetary Fund said signs in the economy indicate that recession is easing but the recovery will be slow and likely to take some time. The IMF said the global economy is likely to contract 1.4 percent this year.

The global economy is slowly starting to pull out of its deepest recession since World War Two but recovery will be sluggish and policies need to remain supportive, the International Monetary Fund said on Wednesday.

The global economy is starting to pull out recession but recovery will be sluggish and government policies need to remain supportive, the International Monetary Fund said on Wednesday.

The global economy is starting to pull out of its deepest recession since World War Two but recovery will be sluggish and policies need to remain supportive, the International Monetary Fund said on Wednesday.

The global economy is starting to pull out of its deepest recession since World War Two but recovery will be sluggish and policies need to remain supportive, the International Monetary Fund said on Wednesday.

President Barack Obama on Wednesday signed into law a $106 billion measure to fulfill his plans to wind down the war in Iraq and ramp up operations in Afghanistan where fighting against militants is intensifying.

Rich and poor nations edged closer to a deal on proposals for reforming the global financial system, but diplomats said there would have to be changes if a U.N. conference this week is to adopt them.

European Union leaders will agree more steps on Friday to avert a repeat of the banking crisis that has sapped the world economy and the IMF said 2010 might deliver stronger growth than earlier forecast.

The International Monetary Fund is likely to revise its 2010 growth forecast for the world economy up with signs the rate of decline in global output has moderated, a senior IMF official said on Friday.

BRIC nations (Brazil, Russia, India and China) called for a more diversified global monetary system, but apparently failed to reach consensus Tuesday on reducing the dominance of the U.S. dollar.

The draft communique of Brazil, Russia, India and China does not mention the role of U.S. dollar or a supranational reserve currency, sources with knowledge of the document told Reuters on Tuesday.

The world's biggest emerging market powers will seek to craft a united front on repairing the global financial system when they meet for the first formal BRIC summit on Tuesday.

The International Monetary Fund on Monday said a heavy dose of stimulus would ease the U.S. recession this year and lift growth marginally in 2010.

The International Monetary Fund on Monday said a heavy dose of stimulus would ease the U.S. recession this year and lift growth marginally in 2010.

The International Monetary Fund on Monday said a heavy dose of stimulus would ease the U.S. recession this year and lift growth marginally in 2010.

The leaders of the world's biggest emerging markets -- Brazil, Russia, India and China -- meet in the coming week for their first formal summit, seeking a louder voice on the global stage.