Sunday, February 26, 2012

IMF seeks $600 billion more in funds; G20 to discuss

International Monetary Fund Managing Director Christine Lagarde attends a news conference in BrasiliaWASHINGTON/MEXICO CITY (Reuters) - The International Monetary Fund is seeking to boost its war chest by $600 billion to help countries reeling from the euro zone debt crisis, but some nations insist Europe must first do more to support its ailing members, international financial sources said on Wednesday. Group of 20 officials will discuss increasing IMF resources at a meeting in Mexico City on Thursday and Friday, the first under Mexico's 2012 presidency of the group of developed and emerging economies. ...


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