New Zealand will benefit from the economic stimulus package agreed at the G20 summit, Finance Minister Bill English says.
World leaders in London on Thursday agreed to spend $US1.1 trillion, or nearly $NZ1.9 trillion, to strengthen the global economy and to toughen up regulations on banks, hedge funds and tax havens.
New Zealand will benefit from the economic stimulus package agreed at the G20 summit, Finance Minister Bill English says.
Other measures include injecting about $US250 billion to boost global trade.
Mr English says this will lift the confidence of New Zealand's trading partners, to the benefit of this country.
The G20 summit brought together the world's biggest economies, developed and up-and-coming, which together account for 85% of world trade and economic output.
It marked a decisive shift in power to Asia and to the largest emerging economies, in particular China.
G20 leaders agreed to pump $US1 trillion into the International Monetary Fund.
Mr English says New Zealand has always contributed money to the IMF and could well be asked to contribute more in the future.
