U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012.  REUTERS/Shamil Zhumatov  (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012.  REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

Fleet Week

The U.S. Navy takes Manhattan for a week.  Slideshow 

Photo

The SpaceX mission

A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station.  Slideshow 

FACTBOX: What is the $1 trillion in new G20 financing?

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LONDON | Thu Apr 2, 2009 3:47pm EDT

LONDON (Reuters) - The G20 world leaders on Thursday agreed to $1 trillion in financing for the world economy to tackle the recession and shore up the financial system.

These actions are on top of the estimated $5 trillion in fiscal stimulus spending that the G20 estimates will be implemented by the end of 2010, British Prime Minister Gordon Brown said at a news conference.

Here are details of the new financing:

INTERNATIONAL MONETARY FUND

- The IMF's war chest is tripled in size to $750 billion from $250 billion, giving it much more money to lend out to countries that run into financial trouble. The countries contributing to these new resources are Japan and the EU, $100 billion each and China $40 billion. Other countries also will contribute to this funding, called the New Agreement to Borrow which will be launched in the next few weeks

- The IMF also will issue $250 billion in additional Special Drawing Rights for its member countries, which essentially is printing new money to improve global liquidity

- IMF to bring forward gold sales

TRADE FINANCE

A new program will finance more than $250 billion of trade over two years, 40 percent publicly financed and 60 percent privately. The World Bank has announced $50 billion as part of this program.

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