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Crisis cost world economy $US 1.5 trillion - Medvedev

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Published 14 November, 2008, 04:30

Russia's president has called for the International Monetary Fund and World Bank to be reformed following the global economic crisis, which he says has cost US$ 1.5 trillion. Dmitry Medvedev was speaking at a meeting of Russian and European industrialists in Cannes ahead of the 22nd Russia-EU summit.

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