As the leaders from the Group of 20 (G20) countries met in Pittsburgh on

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Thursday and Friday to coordinate their positions on global economic recovery, financial regulatory reform and world trade issues, here is a progress card on various issues on the table.

1. Macro-economic issues:

>> Stimulus packages to up deficits to 5.5 percent in 2009 & 2010

>> Policy interest rates slash ed across, floor rate at zero percent

>> Massive liquidity infusion to fight financial markets crisis

>> IMF – Financial Stability Board jigs early warning & surveillance norms

>> Steps to restore market stability, creditor confidence

2. Trade Finance:

>> $ 250 billion over two years put together.

>> $ 65 billion already consumed in first six months

>> $ 7.75 billion additional commitments from bilateral sources and banks

>> WTO expert group to review trade finance meet at Pittsburgh

3. IMF Resources:

>> $ 250 billion additional funds committed by members

>> India chips in with $ 10 billion

>> Concessional lending to low income countries doubled to $ 8 billion

>> Support package to poor nations pegged at $ 13.5 billion, $ 850 mn interest subsidy

>> $ 100 bn set aside for emerging markets

>> Special Drawing rights (SDR) allocation of $ 33 billion done

4. World Bank Resources:

>> 200% increase in ADB stock to $ 165 billion

>> $ 110 billion additional lending by multi-lateral banks

>> Extra lending by $ 65 billion by World Bank alone

>> Total lending by multi-lateral banks in 3 yrs pegged at $ 305 billion

5. General International financial Institutions lending:

>> Flexibility in IMF and World Bank lending by year-end

>> 32-member countries in IMF with 61.3 % vote clear quota reforms

>> Quota reforms to be completed by January 2011

6. World Bank governance:

>> Reforms in voting rights, power and share by next year end

>> Open selection of World Bank President to happen in 2011-12

7. Financial Regulation:

>> Financial Stability Board to promote stability in markets

>> All G-20 members, Spain and European Commission join FSB

>> IMF, World Bank to work in tandem with FSB

>> More than 30 supervisory colleges to be set up

>> Cross Border Bank resolution (CBSB) group set up

8. Tax Havens;

>> 87 tax havens identified for lifting veil of secrecy

>> Tax Information Exchanges to be set up for nabbing evaders

>> Proposals on tax havens to be ready by this year end