Different Solutions to Financial Woes- G7 vs IMF

The G7 came out with an agreement that consists of the following:
*1.Take decisive action and use all available tools to support systemically important financial institutions and prevent their failure.
Take all necessary steps to unfreeze credit and money markets and ensure that banks and other financial institutions have broad access to liquidity and funding.
Ensure that our banks and other major financial intermediaries, as needed, can raise capital from public as well as private sources, in sufficient amounts to re-establish confidence and permit them to continue lending to households and businesses.
Ensure that our respective national deposit insurance and guarantee programs are robust and consistent so that our retail depositors will continue to have confidence in the safety of their deposits.
Take action, where appropriate, to restart the secondary markets for mortgages and other securitized assets. Accurate valuation and transparent disclosure of assets and consistent implementation of high quality accounting standards are necessary.
*Above: quoted from US Department of treasury
IMF put forth a 4 step plan to ease financial crisis-
1.A temporary government guarantee of liabilities
2.Recognize losses
3.Provide government capital
4.Promote a cooperative approach
For more information about the IMF details- article IMF