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Image header Agence Europe
Europe Daily Bulletin No. 10637
ECONOMY - FINANCE - BUSINESS / (ae) g20

IMF to boost funds by US$456 billion

Brussels, 19/06/2012 (Agence Europe) - On Monday 18 June, the G20 summit in Los Cabos (Mexico) announced that the International Monetary Fund (IMF) would be increasing its capital by US$456 billion to deal with the economic crisis. China has offered US$43 billion. The new cash will enable the IMF to almost double its aid for struggling nations, explained IMF director general Christine Lagarde. She said that large and small countries alike had responded to the IMF's call for funds and others...

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