• IMF estimates economic impact of Japan quake/tsnami at 3-5% of Japan GDP
• IMF believes U.S. and Japan do not have effective medium-term strategy for budget consolidation
• “Evolutionary” rather than “revolutionary” changes to global monetary system possible
• G20 to discuss conditions for use of capital controls in extreme financial situations
• G20 to discuss plans for integrating new currencies in SDR basket, but “no free lunch”
• Expects G20 to provide country-specific indicative guidelines on addressing imbalances