IMF calls for coordinated action to address crisis

IMF calls for coordinated action to address crisis

The International Monetary Fund is calling for a "collective commitment" by finance officials around the world to combat the ongoing credit crisis. The IMF on Tuesday in a semiannual report also raised its estimate of the total losses that will be caused by the U.S. credit crisis to $1.4 trillion, up from an estimate of $1 trillion in April.