Latin America finance ministers urge US to act fast to stem financial crisis
Latin American finance ministers are urging the U.S. to act
quickly to combat the world financial crisis, ap reported.
Ministers are asking wealthy nations to coordinate "orderly" efforts to restore market confidence and
prevent a "deep recession" that could slash income, growth and jobs.
They met this weekend with counterparts from around the globe at an annual World Bank and IMF meeting this weekend in Washington.
Brazilian Finance Minister Guido Mantega is suggesting that the IMF help restructure the world financial system, shifting focus away from the U.S. and European models that he says have led to the current crisis.