Economy World

G20: additional $ 430 billion to IMF

On friday rich countries and emerging G20 pledged in Washington to increase the financial resources of the IMF more than $ 430 billion.

“There are firm commitments to increase resources available to the IMF more than $ 430 billion”, said the finance ministers in a statement issued after a meeting in Washington.

In a separate announcement, the IMF has given the distribution of these commitments, the most important are that 150 billion euros in the eurozone and $ 60 billion from Japan.

In addition to these member states, the contribution of eleven has been identified, including 15 billion from Saudi Arabia, South Korea and Britain each.

The contribution of other countries, including the BRIC (Brazil, Russia, India, China), has not been specified.

The G20 said that it made ​​the decision facing an uncertain environment.

“The growth forecasts for 2012 remain subdued, deleveraging hinders growth in consumption and investment, the volatility remains high, reflecting the pressures from financial markets in Europe and risks persist,” he wrote.

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