"Governments are not doing enough to co-operate on rebuilding troubled financial systems and fiscal stimulus packages alone will not boost economic growth, according to the heads of the International Monetary Fund (IMF) and the World Bank.

World Bank President Robert Zoellick said that pumping government money into the economy was not enough by itself. 'If you have fiscal stimulus without fixing the banking system, it will be like a sugar high.' ..." [The Financial Times (UK)/Factiva]

AFP adds that "...IMF Managing Director Dominique Strauss-Kahn said that G20 major countries have made little progress in fighting the global financial crisis since their November meeting. ..." [Agence France Presse/Factiva]

AP reports that "...British Prime Minister Gordon Brown said the economic downturn around the world can only be brought to an end if countries work together to tackle the financial crisis. Although Brown said there was a 'great deal' that individual countries can do to help their own domestic problems, he insisted that the only long-term solution was international, with better regulation and coordinated government intervention.

He called on international financial institutions such as the IMF and the World Bank to play a larger role in crisis prevention and crisis resolution. ..." [Associated Press/Factiva]