G20 may contribute over $450 bn to IMF: Calderon
June 20th, 2012 - 11:10 am ICT by IANSLos Cabos (Mexico), June 20 (IANS/RIA Novosti) The Group of Twenty (G20) major economies may contribute more than $450 billion to the International Monetary Fund (IMF), G20 summit host Mexican President Felipe Calderon has said.
“This is the biggest capitalization in the fund’s history,” Calderon told journalists after the summit Tuesday.
He said the capitalization would help the global effort to overcome the financial crisis.
The G20 in April pledged to contribute $430 billion to the IMF to fight the spread of the debt crisis in the eurozone.
–IANS/RIA Novosti
pm
- India pledges $10 bn to IMF for Eurozone - Jun 19, 2012
- China increases financial support to IMF - Jun 19, 2012
- India will grow faster: PM to 'impatient' citizens, investors (Lead) - Jun 19, 2012
- Obama, Manmohan to work together to boost global economy (Lead) - Jun 15, 2012
- Eurozone to lend 150 bn euros to IMF - Dec 20, 2011
- Europe agrees to 1 trillion euro fund for new bailout plan - Oct 27, 2011
- Obama, Manmohan to work together to strengthen global economy - Jun 15, 2012
- Obama calls Greek election positive sign - Jun 19, 2012
- Hope G20 can help end global economic crisis: PM - Jun 18, 2012
- G8 wants Greece to remain in Eurozone (Lead) - May 20, 2012
- Mexico welcomes Indian PM in Hindi (Travelling with the PM) - Jun 18, 2012
- World economy still in danger zone: IMF - Feb 27, 2012
- Eurozone agrees to bail out Spanish banks - Jun 10, 2012
- IMF approves another bailout tranche for Greece - Dec 06, 2011
- PM calls for quick decision on hike in voting rights - Jun 20, 2012
Tags: bn, capitalization, debt crisis, eurozone, financial crisis, g20 summit, global effort, international monetary fund, international monetary fund imf, journalists, los cabos, los cabos mexico, mexican president felipe calderon, president felipe calderon, ria novosti